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Road To Single-Payer
IBD Editorials ^ | June 8, 2010 | Investors Business Daily staff

Posted on 06/08/2010 5:01:25 PM PDT by Kaslin

Congress: Anyone who's watched Democrats' long campaign to "reform" health care knows the ultimate goal is to drive the private sector out of medicine. Obama-Care seems to have started the process.

Under the headline "First victim of health care overhaul?" Politico reported Monday that "a Virginia-based insurance company says 'considerable uncertainties' created by the Democrats' health care overhaul will force it to close its doors by the end of the year."

Called nHealth, the company "appears to be the first to claim that the new law has driven it out of business," Politico says.

"We don't know what the rules are going to be, and, as a startup, our investors need certainty," nHealth's CEO and president, Paul Kitchen, told Politico. "The law created so much uncertainty that is beyond our control."

In a letter to its 50 or so employees, the company said it has stopped accepting new group customers and will shut down all business by Dec. 31. Unknowns in the regulatory climate, it said, "coupled with new demands imposed by national health care reforms have made it challenging to sustain the level of sales required to remain viable over the long run."

Kitchen's business might be the first to make this tough choice. But how many more health insurance companies are delaying a similar decision until after the fall elections, hoping that a Republican sweep can save them?

(Excerpt) Read more at ...

TOPICS: Culture/Society; Editorial; Government
KEYWORDS: deathcare; deathpanels; illegalaliencare; nothealthcare; obama; obamacare; romney; romneycare

1 posted on 06/08/2010 5:01:26 PM PDT by Kaslin
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To: Kaslin

Classic fascism. Run the entire economy not by outright takeover but by regulation so heavy and onerous you either go out of business or become a pure puppet.

2 posted on 06/08/2010 5:14:48 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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To: PugetSoundSoldier

The Battle of the VAT next year is the last stand. If the Republicans surrender on that we are done.

3 posted on 06/08/2010 6:55:16 PM PDT by lodi90
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To: lodi90

With the Democrats controlling the House and Senate and the White House, the Republicans cannot really stop anything. This is why we need to have at least one chamber of Congress in Republican control...

The Republicans were united against healthcare and that still didn’t matter...

4 posted on 06/08/2010 7:00:58 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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