Big Insurance to Government: You Make it Affordable, We'll Gouge the Profit!

By GottaLaff

Your Daily Dose of BuzzFlash, via my buddy Mark Karlin:

[I]f you require Big Insurance to eliminate pre-existing conditions and not cut off people who become sick and not deny care, then how can Big Insurance make a profit?

Easy, we -- the taxpayers -- will pay for subsidies to people and companies that can't afford (without a public option) the costs of Big Insurance premiums that rise much faster than the general rate of inflation.

Just as with the government bailout of Wall Street -- which is supposed to be our "free market" savior -- the "free market" of Big Insurance can only afford to exist under healthcare reform if it -- in essence -- receives welfare from the government in the form of tax credits or direct subsidies to premium purchasers.

This isn't a "free market" solution; it's socialized support of "profits" -- basically a shakedown. It's the only way -- under the myth of Big Insurance providing enhanced "value," which it doesn't -- that for-profit insurance companies can survive, because they are -- as Medicare has shown -- unnecessary (essentially, a expensive redundancy) except for the explicit purpose of enriching a select few: the executives and shareholders. [...]

The only trigger that should be pulled in healthcare reform is on the theft of taxpayer dollars to create "profits" for Big Insurance.

You can read the rest here.