Stealth Nationalization: How government programs are saving insurance companies from disaster


“The truth is, we have a system today that works well for the insurance industry, but it doesn’t always work well for you,” President Barack Obama said recently, making his case for health care reform. But it turns out the current arrangement, through which employers are supposed to buy coverage from large insurance firms and enlist their employees to cover the costs, isn’t working so well for the insurance industry, either.

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