Kimura
VIP Member
A great piece by Nomi Prins detailing the the insurance companies coming monopoly under Obamacare. The inevitable consolidation by health insurance spells trouble for health care down the road.
Given that premiums have increased 97% over the past decade, I see no end in sight for rising costs and continued price gouging.
Real Danger of “Obamacare”: Insurance Company Takeover of Health Care
The Tea-Party Conservative types get it embarrassingly wrong when they call it a “government takeover of health care.” Likewise, Progressive Obama-supporters are deluded in accepting it as the most sweeping healthcare reform since Medicare. (Side note: I wish the word ‘sweeping’ could be retired from politics until it actually means -sweeping.)
How? By doing the same thing energy and telecom companies did after they were deregulated in 1996, and that banks did after they were summarily deregulated (after moving that way for decades) in 1999. They are merging, consolidating, eliminating competitors, and controlling their domain. They are manufacturing power.
Given that premiums have increased 97% over the past decade, I see no end in sight for rising costs and continued price gouging.
Real Danger of “Obamacare”: Insurance Company Takeover of Health Care
Last edited: