Which is why I can’t understand the insurance industries support for the law.
Obamacare promises more customers, i.e., the uninsured, mostly young and healthy. And the government will be subsidizing the costs up to those making 133% above the poverty level. A family of four making over $80K a year will be eligible for some subsidies. Most of the uninsured will be insured thru Medicaid—about 18 million of them.
A bit of background....I lived in Pittsburgh in the late 1970’s as the steel industry was about to shut-down locally.
Much criticism was being heaped locally upon companies like US Steel who were selling their steel making technology to Brazil and Korea.
“Why on earth are you helping potential competitors who could put us out of business?” was the question being asked.
The answer given by USS brass was that these countries were going to get into the steel business sooner or later. So we may as well make a few bucks by selling them the technology while we can.
This health care scenario is not much different in my view. The industry will take millions of new paying customers at gunpoint for as long as they can get them until the whole thing eventually falls apart.