Health and Human Services Secretary Kathleen Sebelius says that private health insurance providers are in a “death spiral.” Of course they are. Isn’t that the way the authors of ObamaCare planned it? – IBD
From IBD Editortials
Testifying last Wednesday in front of the House Ways and Means Committee, Sebelius was asked by Rep. Peter Roskam, R-Ill., if the administration was being honest when President Obama promised that those who liked their health plans could keep them.
Said Sebelius: “The private market is in a death spiral.”
Sebelius tried to temper her comment by claiming the private insurance market would collapse even if the Patient Protection and Affordable Care Act had not been passed. But the truth is, the market cannot survive under the growing weight of government, and Obama-Care was to be the final heavy load that will crush it.
Yes, the health insurance industry might indeed survive ObamaCare. But its form won’t be recognizable. It will no longer a competitive industry, but rather a cartel managed and protected by the government.
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