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If you have doubts, consider the attitude of professional investors, who would stand to lose a lot if the government took over healthcare. They don't exactly seem worried. Shares of health insurers like Aetna, UnitedHealth, Wellpoint, and Cigna—subject to the strongest new rules under reform—have outperformed the stock market over the past year.

This must be a released democrat talking point because I've seen it brought up a number of times on liberal sites and news. Well, those investors could be stupid, for one. But more likely they are remembering that Obama cut backroom deals to give huge coin to the insurance industry as I recall.

I found that pretty curious, too.

Yesterday there was an article with a detailed description of the process by which all of these insurance companies are going to collapse. The basis of it was two-fold:

1. The "penalty" that would be assessed by the Federal government for people who fail to buy insurance is far less than the insurance premiums many people now pay.

2. The new mandate for insurance carriers to accept all new clients regardless of pre-existing conditions eliminates almost all of the risk someone faces when they go without insurance. In fact, it turns the whole concept of "medical insurance" into a farce. This bill has created a scenario equivalent to one that allows people to drive their cars without any insurance coverage and then force an insurance company to write a policy for them AFTER they get involved in an accident.

The author of that article was already starting to advise his self-employed clients to drop their medical insurance, pay the "penalty" every year, and simply put aside the difference between the penalty and the insurance premiums in a rainy-day fund of sorts.