ObamaCare's Economic Dominoes
americanthinker.comWow, is this ever a load of partisan tripe. Anyone expecting private insurance companies to go out of business in America anytime soon is delusional. They wield too much influence. Not to mention despite his 'poor insurance companies only have a 4% margin', they make a crapton of money as is. Without a public option, that profit is here to stay.
A look at the history of insurance in general and medical insurance recently in Massachusetts will disabuse you of the notion that the government can not force insurance companies out of business.
Well, first of all, I think providing medical care to the poor outweighs keeping super profitable insurance companies in business. This country would be a LOT better off if we DID drive every insurance company out of business while providing higher quality healthcare to all of our citizens. We're the richest country in the world and our healthcare quality isn't even in the top 25. It's disgusting. Secondly, MA has a public option, which radically alters the landscape for for-profit insurance providers, of which there are very few in MA. Most are non-profit. This is really a good thing, IMHO, but also means the MA model provides no evidence for Obamacare driving for-profit insurance providers out of business. Thirdly, while the insurance companies wanted a better deal than the ACA gave them, overall it's going to be a net positive for them. We did just pass legislation requiring >30 million people purchase private insurance. Yes, the pre-existing condition requirement hurts them financially, as well as the rest of the regulations included, but, again, that's a good thing for us, even if it's bad for their bottom line. Geez, I'm not even sure why I wasted my time attacking an article from American Thinker anyway.
I'm not sure either, given that you're not willing to defend the main point of your reply.
I'm not sure which part of my response you consider not defending.
Throwing MA out there as 'proof' that the government can drive insurance companies out of business when the MA legislation has done no such thing, and even if it had driven companies out of business, the model and environment for the MA legislation is so different from the ACA legislation is hardly support for your argument.
If you want more specific points on how ACA is a net-win for the insurance companies, here: http://industry.bnet.com/healthcare/10002208/insurance-compa...