Wednesday, October 6, 2010

That Was Fast IV

Industrial giant 3M announced it will no longer offer group health insurance to retirees not old enough for Medicare, beginning in 2015. Instead, 3M will offer some financial support for such retirees to purchase their own insurance.

The reality of ObamaCare is making a mockery of President Obama's claim that people can keep their current insurance policies if they want: the government has changed the health insurance marketplace, making it difficult or impossible for companies and health insurers to continue with existing insurance plans.

While this may be an "unintended consequence", I believe it is exactly intended - with the goal of driving more people to government provided health insurance, since if ObamaCare destroys wide swaths of the private market, the government will expand its role in healthcare.

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