It’s not out of the realm of possibility in the current economic climate:
If you are a health insurance executive, you are probably looking at your current broken business model, lamenting that your savior Mr. Obama is probably not going to be able to come to your rescue with the one last windfall he has promised, and observing what is happening with other “vital” American industries in similar straits. DrRich imagines that these executives have already resolved themselves to a government takeover . . . and that they are merely calculating the right moment for it.
If that’s the case, government-run health care may unexpectedly arrive sooner than we think.
topics: bailout, health insurance
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Health insurance companies have repeatedly demonstrated that they are not in the insurance business (i.e., spreading risk), but in the entitlement management business. They have a cozy relationship with the politicos that restrict any real competition. Their pathological aversion to innovation, or looking beyond first order effects, borders on a mix of the Keystone Kops and the Three Wise Monkeys. The insurance companies have already been effectively nationalized.
Chuck Brooks
FutureWare SCG
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