First: Congratulations to President Obama and the Democratic leadership. You won dirty against bipartisan opposition from both Congress and the majority of Americans. You've definitely polarized the country even more, and quite possibly bankrupted us, too. But hey, you won. Bubbly for everyone.
Simply, you have nationalized health care by proxy. Insurance companies are now heavily regulated government contractors. Way to get big business out of Washington and our lives! These giant corporations will clear a small, government-approved profit on top of their government-approved fees. Then, when health care costs rise -- and they will -- Democrats will insist, yet again, that the profit motive is to blame, and out from this ObamaCare Trojan horse will pour another army of liberals demanding a more honest version of single-payer.
The Obama administration has turned the insurance industry into the Blackwater of socialized medicine.
That's always what Obama had in mind. During the now-legendary health care summit, Obama, who loves to talk about "risk pools," "competition," "consumer choice" and the like, let it slip that he actually doesn't believe in insurance as commonly understood. The notion that Americans should buy the health care "equivalent of Acme Insurance that I had for my car" seemed preposterous to him. "I'm buying that to protect me from some catastrophic situation," he explained. "Otherwise, I'm just paying out of pocket. I don't go to the doctor. I don't get preventive care. There are a whole bunch of things I just do without. But if I get hit by a truck, maybe I don't go bankrupt." Apparently, people are just too stupid to go to the doctor -- or maintain their homes -- if they have to pay much of anything out of pocket.
The endgame was to get the young and healthy to buy more expensive insurance than they need or want. "Expanding the risk pool" and "spreading out the risk" by mandating -- i.e., forcing -- young people to buy insurance is just market-based spin for socialist ends. A risk pool is an actuarial device where a lot of people pay a small sum to cover themselves against a "rainy day" problem that will affect only a few people. Such "peace of mind" health insurance is gone. What we have now is health assurance. With health assurance, there are no "risk pools" really, only payment plans.