Obama To Questioner On Rising Health Costs: You’re Doing It Wrong

Photo Credit: Daily CallerWhen a company manager asked President Obama about his company’s rising health care costs on Friday, Obama’s first response was to blame the company.

Speaking at Millennium Steel Services in Princeton, Indiana, the president said that if the company’s health insurance costs were still rising, the management simply isn’t “shopping” correctly.

“We are seeing almost a double-digit increase in health-care costs every year,” Millennium Steel general manager Mihir Paranjape told President Obama. “Do you think that trend is going to go down, and what can we do to control that trend?”

“I think that’s really interesting, you’re gonna have to talk to Henry,” Obama replied, referring to Henry Jackson, Millennium Steel’s CEO. “No, no, no, this is serious,” he continued, when several audience members laughed, “The question is whether you guys are shopping effectively enough.”

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