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Aetna pulls out of California due to Obamacare… For now, Aetna is just the start. A relatively small start


If Obamacare’s stated goal was to broaden the health insurance market, give more options to consumers, and generally lower the cost of health insurance, courtesy of the IRS’ flawless execution of yet another unprecedented government expansion, it may be in for a tough time.

Because while on paper every statist plan of centrally-planned ambitions looks good, in reality things usually don’t work out quite as expected.

Case in point the news that Aetna will stop selling health insurance to individual consumers in California at the end of 2013, in advance of Obamacare’s complete transformation of the insurance market: a transformation which just incidentally may see most private health insurance firms follow in Aetna’s steps and the emergence of a single-payer system along the lines of the British National Health Service.

A government-mandated and funded system which, needless to say, crushes private enterprise, and ends up costing far more for all involved than an efficient market based on individual wants, needs and capabilities constantly in flux.

But that’s ok – there is an administration which is smarter than the entire market, and a Federal Reserve which will monetize any deficit funding, and the only trade off is making the already ridiculous US federal debt ridiculouser.

For more irony we go to the WSJ which informs us that that “pullout is likely to draw attention as California has become a focus of national debate over the law’s impact. Supporters, including President Barack Obama, who highlighted the state in a recent speech, argue that it has shown the success of the health overhaul in encouraging competition and pushing down prices.”

http://online.wsj.com/article/SB10001424127887323734304578546144234962424.html#articleTabs=article

If in some parallel socialist universe, the exit of competitors ends up boosting competition, than yes, we agree. In this one, however, things are a little… different.

For now, Aetna is just the start. A relatively small start:

http://www.zerohedge.com/news/2013-06-15/aetna-pulls-out-california-individual-insurance-market-response-obamacare

 

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  • Pravda01

    America’s health insurance means pay and if you need treatment the CEO will decide whether you die or live.

    …thanks to Barrack (Kenya) Hussein (Muslim) Obama. Who would name his boy Barak?

  • robertsgt40

    Obamacare has the scent of “each according to his ability, each according to his need”.

  • Big M

    Can I please inject some sanity into all of this? First and foremost, not only is OsamaCare completely illegal, federal law has no jurisdiction whatsoever inside the 50 union states. Don’t believe me? Article I, Section 8, Clause 17. Second, the IRS is NOT a government agency, and it has absolutely ZERO authority to enforce ANY federal law inside the 50 union states. That’s right, and that includes internal revenue laws/taxes of ANY sort. Does nobody, including the craven stooges in pretty much every single state legislature, know any of this? I have a dream (that will probably never come true) . . .

    The dream is that everybody in this country turns off their TVs, throws their texting devices into the trash, grows a vestige of a spine, and tells these slimy, treasonous criminals calling themselves a “federal government” to go f*** themselves, shove their “laws” up their a**es, and crawl back into the sewers they escaped from. And take their felching, Zionist puppet-masters with them.