Newt Gingrich Endorsed Obamacare in May of 2009: Newt Positioned to Profit From Obamacare

We know Mitt Romney ran the pilot program for Obamacare in Massachusetts.

In fact, we have already seen the start of this process in Massachusetts, where Mitt Romney’s health care reforms were nearly identical to President Obama’s. Romney’s reforms increased the demand for health care but did nothing to expand the supply of physicians. In fact, by cracking down on insurance premiums, Massachusetts pushed insurers to reduce their payments to providers, making it less worthwhile for doctors to expand their practices. As a result, the average wait to get an appointment with a doctor grew from 33 days to over 55 days.

Newt Gingrich has been busy pushing and preparing to profit from Obamacare too. The above video is from May 2009, as Newt was endorsing Obamacare.

"We believe…that everyone must have health-insurance," Gingrich says. "Or if you are an absolute libertarian, we would allow you to post a bond, but we would not allow people to be free-riders, failing to insure themselves and then show up at the emergency room with no means of payment."

Even more damning is Gingrich's praise for Obama's healthcare reform legislation, which he says is a "model we will be advocating."

Of course, for those who don't know, Newt sits on the board of GE's Healthymagination with Tom Daschle. Healthymagination is poised to make billions from Obamacare, and Newt will profit too for his efforts with Daschle--who happened to write the book on socialist healthcare in the United States.

One of the parts of Obamacare Newt has been passionately pushing is the idea of federal control of your health records. Healthymagination is coming up with the technology to make that a reality, and since Newt has already sold his country out for a buck, Obamacare is obviously the next great profit center for Gingrich.