Paul Hsieh apty describes how ObamaCare will destroy health care:
ObamaCare thus places a noose around private insurers' necks. Insurance companies will be required to offer numerous benefits determined by politicians and lobbyists. But they will be allowed to charge only what government bureaucrats permit. No business can survive long if it must offer $2,000 worth of services to customers but can charge only $1,000.Although it is tempting to take delight at the insurance industry's self-caused plight, the inevitable collapse of the private insurance market would also leave millions of Americans without coverage. Even though this crisis would be caused by government policies, liberals would gleefully portray it as a "failure of the free market" and demand that the government "rescue" health care. The end result would be a "single payer" socialized medical system like Canada's or Great Britain's, with rationing and long waits for medical care.
Instead of making their Faustian bargain with the government, insurance companies should have advocated for free-market reforms such as allowing customers to purchase policies across state lines, repealing existing mandatory benefits, and allowing patients to use Health Savings Accounts for routine expenses and low-cost "catastrophic-only" insurance to cover rare expensive events. Such free-market reforms could reduce insurance costs up to 50%, while preserving quality of medical care.
He also rightly points out that destroying health care isn't a bug in ObamaCare -- it's the underlying purpose! The point is to destroy the market for health care and force the American people into a completely government-run system. Why? Because it will give the elites more control of our lives and reduce our liberty. They think we're too dumb to be free, so they're trying to help us out.
