We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
If the government can lay burdens on the insurance companies they will have to pass the added costs to their customers.
So the employer will find it more difficult to purchase coverage to his employees. And people who insure themselves will find their premiums rapidly increasing.
The public will then be told that the private insurance companies are rate gouging and we need single payer. And we will probably get it.
Alternatively the insurance companies may start to go broke. If so there will be a cry for subsidies.
Then the government can try to simply impose a TARP-like solution on the insurers. Force them to take money and then tell them what to do.
I am baffled about why the stock of insurance companies rose Monday. In truth I am baffled by this entire health-care program that Harry and Nancy seem to want so badly. It seems to contain nothing good for anyone except bureaucrats.
If it is clear that this bill will lead to insurance bankruptcies, then why don't the boards of said companies beat Uncle Sam to the punch? Why don't they just decide to cancel all the outstanding policies, layoff the help, and liquidate the companies, returning the equity to the share holders? Seems tome like a better alternative than being coerced into bankruptcy. Plus it would be fun to watch the fireworks if they threatened to do it.