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Obamacare: A bad idea

Posted: April 30, 2010 11:49 a.m.
Updated: May 1, 2010 4:55 a.m.
 
It turns out that the mean, old insurance companies that President Barack Obama claimed would finally be called to account for rising health care costs are instead partying like it's 1999.

You see, my friends, Obama and the Democrats just slammed through what should be called the Big Insurance Survival Bill.

Instead of forcing insurance companies to compete across the country - as opposed to the state fiefdoms they have set up - the Obamacare bill will force 30 million Americans to buy their product.

With all of the alleged cost savings heaved onto the backs of doctors and hospitals, it is very difficult to see how Obama has done anything to change the way insurance companies do business.

Just the opposite. With no method to control the costs associated with the removal of "pre-existing condition" limitations (meaning, someone could conceivably break their back and buy an insurance policy after the fact), it is likely that insurance premiums will continue to rise.

In the end, it appears that Big Insurance lobbyists along with those from Big Labor - who will see taxpayer funds flushed into their ailing pension and benefits programs - won again. Thank you, Democrats!

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