Health bill: pass or not, the insurance companies win.
By Daniel at 19 November, 2009, 12:35 am
It seems to me the insurance companies win if this bill passes, and they will win if the bill is not passed.
The american people and small businesses will lose either way with increased rates of 15% per year and/or it will remain the same and they won’t have coverage, but the insurance companies will show profits. If it passes, it will create unemployment. That means less accounts receivables and more payables if it (it being the government) were a business.
The reason is because this is the insurance lobbyist’s bill - they wrote it. That means it’s in their favor. Along with the extra 300 page, part 2 version added by some Unions, with provisions to keep their premium healthcare insurance coverage and cheap policy rates by making it into law for them and only them. That means they will receive what all government employees receive, even in retirement.
The automobile unions are not an government entity, nor is Acorn. But this bill would make it into law for some unions, which means they are guarantee coverage, on the peoples dime, and not from their bankrupt auto industry union club policies, their main employer when they worked and now retire on. This is wrong. This is creating nothing but weakness with more welfare.
The end cost is always many times the projected costs in any original bill, but this time there is no end in the increases. When one takes or receives something without producing anything, problems will happen, especially in an inflationary environment. When has ANY government program turned out to cost even as little as twice as much as the cost estimates before it passed? Applying past math that means this has at least a $3 trillion price tag- *for now*
The United States is becoming a big welfare state, and big welfare states’ usually collapse.
- thegambler
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