General Discussion
In reply to the discussion: Well, once again, we the people have lost. [View all]earthside
(6,960 posts)... what will happen when these private health insurance corporations don't make enough to cover their 20 percent administrative and profit allocation?
What happens if a "too big to fail" health insurance corporation is about to go under?
BAILOUT --- by you and me and all the other poor and working taxpayers in this country.
Look the health insurance corporations win almost anyway you look at it: if the Repuglicans win everything in November they can repeal this law and go back to a 'wild west' unregulated market; if the Repuglicans don't win everything, but keep it close, the insurance corporations go into full lobbying mode to create loopholes to drain every cent they can from us and the government.
Sure, this is a political win for Pres. Obama, but in the long run it is a huge economic triumph for the health insurance industry.