Capital Commerce

Insurance Industry Supports Healthcare Reform--Say It Ain't So!

By Matthew Bandyk

Posted: June 8, 2009

An LA Times article on Obama's plans for healthcare reform begins thusly:

Some may find it hard to believe that the U.S. health insurance industry supports making major changes to the nation's healthcare system.

"Hard to believe?" Should it be surprising that the health insurance industry supports a law that would require EVERYONE to buy their product? That's every businessperson's dream. Imagine the bottles popping in Detroit had Congress required everyone to buy an American car.

Obama does not seem to be opposed to an individual mandate, either.

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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