What most people don't realize is that even if the Congress passes some kind of weak health care reform package, none of the provisions will go into effect until 2013. (And in at least one version of the bill, the rate reforms will be phased in over 5 years!) That's right - until the start of Obama's second term. Apparently our politicians haven't considered what is going to happen if Obama declares victory in November and in January everybody sees their premiums going up. And people still lose their health insurance for pre-existing conditions. And still can't afford health insurance.
So, what will health insurance companies do between now and 2013? Everything they can, of course, to generate windfall profits so in 2013 they're sitting on pots of money.
Somewhere around 2020, then, Americans will realize that they were yet again snookered, just as they were in the 1990s with the Republican promise that HMOs would solve all our problems.
Luckily, I'll be on Medicare by then.
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