Yeah, a HUGE train wreck for the insurance industry. The entire bill is designed specifically to drive premiums sky-high and to ultimately bankrupt the insurance companies.
One of two things will happen:
1) Insurance companies go bankrupt, and Obama is “forced” to step in and institute single-payer.
2) Insurance companies hang on longer than planned, and the TOTUS makes a public address to the effect, See, we gave you the greatest health care reform in history, but the insurance companies are still trying to rob you blind. Premiums are up over 300% since I signed the bill, and it all stops right now. We gave the insurance companies a chance to play fair, but now we have no choice but to step in and institute single payer.
After massive premium increases, and a concerted propaganda effort by the MSM, there will be enough strapped citizens to support the government elimination of the remaining insurance companies.
Well- whichever way it goes- government run and insured health care. Period. Nothing private.
This is simply beyond comprehension.
No there is another possiblility and the insurance companies can drop their lines of health insurance. The GOP should make it a point of their election drive that they willnot fund any new IRS agents.