“We allow the insurance industry to run wild in this country,” President Obama declared on Monday. “We can’t have a system that works better for the insurance companies than it does for the American people.”
Yet Obama’s plan to tame health insurers would boost their business, protect them from competition, and guarantee their profits, all at the expense of consumers and taxpayers. It is therefore not surprising that the insurance companies, while they object to the president’s rhetoric and quibble over some of the details, are happy to be domesticated. Here are five ways in which Obama would help insurers while pretending to fight them:
The individual mandate. What industry wouldn’t welcome a law requiring everyone in the country to purchase its product? The insurers’ only objection to this edict