Updated

By Bill O'Reilly

The latest is all the chaos is being caused by the health insurance companies.

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JAY CARNEY, WHITE HOUSE PRESS SECRETARY: The insurance companies that chose to strip away benefits from existing plans in the interim. that canceled existing plans in the interim. You know, they took away that grandfathering opportunity. And that's a reality.

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O'REILLY: Oh, but according to "The Washington Post," Mr. Carney is not telling the whole truth. Quote: "The administration's effort to pin the blame on insurance companies is a classic case of misdirection. Between 75 percent and 95 percent of the problem stems from the effective date when Obamacare mandates began but the White House chooses to give the focus elsewhere."

Now, they gave them three Pinocchio's out of four -- "The Washington Post" did. And, once again, the analysis by a liberal newspaper, the Obama administration is not telling the truth.

So what exactly is the truth? Here it is. If you are a health insurance company, you are now required to offer a bunch of services that may not be good for business such as maternity and newborn care to 90-year- olds. And mental health and substance abuse coverage for everybody. So some companies are simply canceling the policies because they can't make money on them or because the policies themselves don't comply with the new mandates from the feds. So they have to cancel.

President Obama knew that would happen and he actually wants it to happen because it forces Americans into the Obamacare exchanges to get new policies, many of which are more expensive. Remember, remember. The goal of President Obama and the Democratic Party is for the government to control the entire healthcare industry. That's called the single payer system.

If private insurance companies get out of the healthcare business the feds take on more power and eventually will run the entire show setting premium rates and dictating prices for medical services.

But the President will never tell us any of that. Now, the latest poll on Obamacare from George Washington University says 53 percent of Americans now oppose it, 43 percent approve, so most Americans are finally wising-up to the quasi-socialistic agenda of the Democratic Party.

Now, my analysis is not ideological. In fact, as you may know, I think some right-wing ideologues are actually helping President Obama by attacking him personally. We don't do that here. And that has frustrated some FACTOR viewers.

Ann Hammock who lives in Dallas, Georgia writes quote: "I am disgusted that you, O'Reilly, would soft pedal Obama's misrepresentation of facts regarding Obamacare. Perhaps he didn't know he was lying when he said we could keep our doctors and our insurance although I seriously doubt it. If everyone continues letting the President off the hook America will soon not be recognizable as the land of opportunity."

Well, I appreciate your letter, Ann, but nobody is letting President Obama off the hook. If you watch us, you must see, you must know how effective we've been in dismantling the Obamacare excuse-making machine. For example, rather than concentrate on the word "lie", which polarizes, we have presented fact after fact after fact showing the new law is chaotic to say the least. That's why our ratings are through the roof while other news agencies that apologize for the President are getting hammered.

The way to overturn the progressive movement in America is to vote the rascals out. That's the only way it's going to happen. And in order to do that, you have to defeat the progressives with facts. Not throw out hate stuff.

And that's "The Memo."