Counterintuitive as Democrats would like nothing more for private health insurers to die off with extreme prejudice. DrRich sheds light on the situation.
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{ 4 comments }
Any conservative or liberterian can explain this paradox. Democrats profess to hate big business, but they hate small businesses more. Small businesses can’t be so easily controlled. When the Ds pass ever-more regulations, big business can adapt; small businesses must merge into big businesses, or die.
(Think how many brands of gasoline there were a generation ago.)
Insurance execs see their future under the Ds as like ExxonMobil. Under the Rs, they forsee fending off free-market upstarts with better ideas.
Anonymous 3:44:
Wrong completely.
Don’t blame the democrats for the power of big business.
Insurance companies are simply cozying up to democrats because there is a pretty good chance the dems will win, and the insurance companies want to make sure they will have a place at the table. Let’s hope the democrats will see through the ruse (although, unfortunately, I am skeptical).
In a perverse way it doesn’t surprise me. Seems in keeping with that whole “What’s the Matter with Kansas?” phenomenon.
It is simply a variant of the Willie Sutton Law (”I robbed banks because thats where the money was”):
There is Big Money to be made if and when the democrats manage to monopolize and corrupt health care coverage.
Think of Senator Diane Feinstein of California making her illicit insiders-only millions off of her crooked Medicare recovery company.
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