[ClearCase_guy]

As I see it, small insurance firms will suffer and go under. Big insurance firms will gobble them up, get 30M new customers, and get federal money to make it all work. It will work out well for them -- and they knew that months ago.

Fascist economics -- the government helps the businesses that can help the government. It's all about control.

[GUNGAGALUNGA]

I have said this from day 1. Democrats love insurance companies. Right Chriss Dodd? Connecticut...Insurance capital of the world.

[andy58-in-nh]

The large insurance carriers are being duped as well, at least those in their management who never truly studied insurance theory and got their jobs via the prestige college MBA route. (I refer to them as "The Illegitimati", but that's another story...) The key idea to understand is that the Obamacare plan virtually forbids the use of actuarial science as a primary tool of risk management.

By forcing health insurance companies to accept customers with pre-existing conditions and regardless of their ability to pay premiums, stable pricing becomes a mathematical impossibility. The effect of the legislation will be to increase demand for a service without a commensurate increase in its supply resulting in higher expenses and thus, higher premiums. If premiums are artificially suppressed by government fiat, the result will be scarcity; i.e.- rationing.

The laws of economics are not subject to repeal by either human will or government fiat, no matter what good or service is involved. The government does not care because its aim is not service or efficiency, but power, and the big insurers do not care because they have been bought off by promises of Federal subsidies and golden parachutes.

We can argue about whether this is Fascism or socialism, but the end result will be essentially the same: no choice and no competition.

[PogySailor]

Fascist economics -- the government helps the businesses that can help the government. It's all about control.

Bingo...

[MrB]

So, who’s going to be the next

Emanuel Goldstein

that leftist sheep are going to dutifully hate
when told to do so?

[mvpel]

As I see it, small insurance firms will suffer and go under. Big insurance firms will gobble them up, get 30M new customers, and get federal money to make it all work. It will work out well for them -- and they knew that months ago.

Think Orren Boyle of Associated Steel. Ayn Rand had these guys pegged over 50 years ago. Big companies and big government, working hand in glove to enrich the insiders.