There's no doubt that Obama see's the health insurance companies as evil. He watched his mother die of cancer, while fighting insurance companies for coverage. He definitely has an axe to grind.
But let me ask you this, in between you and your medical providers (hospitals, clinics, doctors, medicine) are insurance companies, where do you think their profits come from? Are the medical providers paying them, are you paying them, or are both? I worked in the medical profession, before anything but Medicare was substantial, and not only did doctors make higher salaries but people had better care. It's strictly money centric now, with insurance companies making profit off other peoples coverage (misery).
Most of us end paying in our lifetime for other peoples catastrophic coverage. And if you don't die suddenly (uncommon), then you'll have to be eventually be covered yourself for those last months. Where's the money going to come from for everyone's heart disease and cancer treatments?