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.

IBD Editorials

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?

FULL STORY

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