Finally, I Agree With The Health Insurance Industry
If the Senate bill ends up like I fear: no public option, no serious regulation on insurance, no real medical loss ratio, very low insurance standards, and an individual mandate the private insurance companies will have truly won (via Ben Smith):
With the Senate shifting sharply away from a “pure public option,” an insurance industry insider who has been deeply involved in the health care fight emails to declare victory.
“We WIN,” the insider writes. “Administered by private insurance companies. No government funding. No government insurance competitor.”
Of course, a win for insurance companies is a big loss for the American people. Will the Democrats in Congress deliver a win for working class Americans, or a win for the for-profit health insurance corporations?