[Valpal1]

Obamacare also dictates to the insurance companies that 85% of premiums be spent on health care. So they have 15% for overhead that they may or may not be able to squeeze any profit from.

The whole thing is designed to fail while bankrupting the health insurance industry.

So we can be “saved” through the institution of a single payer system (everyone on medicaid/medicare). One sixth of the economy socialized and government pwned.

[blackdog]

My take away is like I said in post #17. This whole thing is designed as a political mega-bank which will use insurance companies as bagmen making political donations to progressive groups who will have a branch that has some remote connection to community based healthcare servicing in order to launder the money as required by the Affordable Care Act of 2010.

Anything to get that number down to 85% of premiums collected.