Saturday, December 3, 2011

The End of Private Insurers

The Obamacare "bomb" has gone off, unbeknownst to most of the public.

Here's the skinny, and why it is good for us as a nation (and from Forbes magazine, no less);
If you believe that the end of private, for-profit health insurance is some type of nefarious step towards a socialist society, then you might want to attend church this Sunday to mourn the loss of health insurers being able to worm out of covering the bills of a cancer patient because she forgot to write down on her application that she had skin acne for three months when she was a teenager.
Insurers must now pay 80% of their premiums into patient care by law, which will most likely lead to single-payer health care.