If ever there were evidence, albeit circumstantial, of collusion between the government and insurance companies, this has to be it. The government will now give bail-out money to insurance companies.
It was obvious from the very first that insuring everyone who has a pre-existing condition would break the bank. The delusional (deluding?) government claim was that all those healthy young people who are forced to buy insurance they don't need would support the huge increase in expense. It's the same scheme as a corrupt congress used when they stole all the Social Security funds, claiming that the younger folks would support the older folks. Neither case is sustainable, and obviously so.
Government corruption is like dry rot; if it is not terminated once it starts, it will take the entire entire enterprise. The rot has been purposefully spread throughout the national government, in all three branches. There seems no stopping it.
I wondered at the time why insurance companies caved so readily to taking on pre-existing conditions. Now it is obvious: the tax payers will pay the bill. It's single payer through the back door. And it's no co-incidence that it is applied within a mountain of "new regulations" which are generated by the administration all on its own. It is now a dictatorship for health administration.
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