All Is Going As Planned
Bill Quick

Moody’s downgrades outlook for insurance industry to negative, thanks to ObamaCare « Hot Air

Even if you think Obama and the Democrats are so invested in O-Care’s success that they’ll find a way to keep federal money flowing to prop it up, the lingering bitterness after the law was passed on party lines and the recurring fact of potentially game-changing elections means it’ll be years before the industry enjoys real stability. And yet, in partnering with O on sweeping reform in the expectation that it would bring them millions of new customers, this is what insurers signed up for. They bought the ticket. Hope they’re enjoying the ride.

The insurance companies thought they were buying a guaranteed profit gusher forever.  Instead, they’re learning that they just sold Obama the rope to hang them with.

 

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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