Wednesday, November 19, 2014

How ObamaCare Turned Insurers Into Big Gov't Lovers

he New York Times this week reports that ObamaCare has made strange bedfellows between the insurance industry and the federal government. Who could have imagined that?
Just before the 2012 elections, we wrote in this space that, should President Obama get re-elected, repealing ObamaCare would be virtually impossible because the law "will have fundamentally reshaped the insurance market."
A few months later, we alerted readers again that after insurers "conformed their businesses to the many market distortions it will create," even those that once opposed ObamaCare "could end up lobbying for it."
In January this year, we pointed to a set of Blue Cross Blue Shield Association talking points, in which its CEO warned about "momentum that is quickly building among some leading conservatives" for a bill to defund the law's huge industry bailout programs.
Well, now The New York Times has discovered that, lo and behold, "the relationship between the Obama administration and insurers has evolved into a powerful, mutually beneficial partnership."
 

No comments: