http://politifact.com/truth-o-meter/statements/2009/jul/23/barack-obama/health-insurance-company-turned-profit-not-rec/
What's left out is the fact that Insurance Companies make their profits, not on the policies, but on the delay between the time period that they bring in the premiums and copays and pay out reimbursements. So for them to be making profits isn't a sign that they are charging to much for insurance (something that the government would be obligated to do, but will attempt to hide through hidden taxes) but that they are investing during the float period in such a way as to continue to make profits.
Their short-term investing is also a good thing, as it probably increases the liquidity in the market. Any Socialist Government Insurance Bureaucracy would likely be prohibited from short-term investing, or be required to invest in t-bonds, bankrupting the company.
Not to mention the fact that current plans for Obama's Nazi-esque plan requires that you either get the government's shitty insurance, another company's insurance, or pay 2.5% of your income in fines for not having insurance. Which is a totally absurd if the real goal is to ensure that everyone has access to medical care (which medical insurance is not.)
As far as intelligence, Obama has none, when it comes to the typical tacts of lying, deceit, defrauding, and bullshitting (all traits of lawyers and politicians) then Obama has plenty of skill. Which should not be any surprise considering the fact that he is a demagogue.