My take: What a load of shit. A public option for 5% of the people? Smells like mandates coming too. Abortions not covered (you get what you deserve, whores). Oh, and tort reform. Apparently the republicans looked unhappy, so that means it was good, right? No, they were unhappy because (a) that's what they do best and (b) Obama just pulled a Clinton (think welfare "reform"). So, will someone tell me how insurance companies are going to be pressured to reduce rates and provide better coverage (i.e., stop denying care required under the plans) when only 5% of the population--many, presumably, who are uninsurable--will have the choice of a government plan, but the rest of us will not. And, no doubt, younger people who opt not to get insurance but could afford some coverage may be forced to buy insurance. Insurance executives everywhere are probably sporting the biggest erections they have ever had. In short: Time for a third party. One that actually represents most Americans. And I repeat: Change we can believe in, my ass.
Update: I think we will get proof that this speech delivered a barrel of shit by looking at how the market responds tomorrow. Watch the health insurance company stocks. I will.
Update II: The market has responded to the President's speech. Aetna closed up $0.60, or 2.05%. Wellpoint closed up $1.34 a share, or 2.54%. And Cigna did very nicely: up $1.65, or 5.61%. Ka-ching.