Thursday, December 27, 2007

Mind-Boggling Situation and Smiling Health Insurance Companies

ALL of the front-runner U.S. Presidential candidates have health care proposals that do the following for health insurance companies do one or more of the following actions:

  • Help keep them in business (over 1500 of them)
  • Increase their income from the mandates, forcing people to buy insurance
  • Increase their income from government subsidies, since there will be an estimated $100 billion additional spending by the government to cover the uninsured, and much of that money will go to private health insurance companies

It's mind-boggling that this insult is occurring to our global competitiveness and to the financial impact on individuals and families. But I am sure that the health insurance companies are smiling.