The state of Massachusetts has a health care system similar to what Obama's gang is imposing on the entire country and things are getting rather interesting in the Bay State. An editorial in today's Wall Street Journal gives us the frightening vision of what health care will be like nationwide if we don't turn things around.
Massachusetts Governor Deval Patrick has effectively imposed a premium cap on the state's insurers by rejecting 90% of the premium increases they have requested. Several top insurers suffered operating losses last year and in order to avoid huge additional losses, and possible insolvency, they filed suit in Boston superior court and simply stopped offering quotes.
What was the state's response, you ask? As if you didn't know. The state of Massachusetts is now demanding that these insurers immediately resume selling new policies, at year old base premiums no less, or face fines and penalties.
So just to sum it up. The government is forcing private companies to sell health insurance at a loss, or face fines and penalties, which can only result in these companies going out of business. The government is also requiring all citizens to purchase health insurance, or face fines and penalties, and since there will now no longer be any private insurers left they will be forced into the welcoming arms of their loving government.
How can this be, one could ask? President Obama promised that Americans would be able to keep their current insurance and that the government would never be taking over the insurance industry.
Well, I guess the President technically didn't lie. You could keep your current insurance but the evil insurance company you had your policy with is no longer in business...and good riddance because they died trying to raise your premiums. And the government didn't directly take over the insurance industry. They had no choice because all of those evil insurance companies are no longer in business...and good riddance because they died trying to raise your premiums.
I gotta hand it to Obama. That's a pretty slick way of getting what he wanted after promising the exact opposite. It's also incredibly sleazy and dishonest, but it's pretty slick.