There has been a 40+ page Amendment to the House of Representative’s Health Care Bill.

Sec. 104 (“Sunishine on Price Gouging”) has been amended as to provide a quick method to reach Universal, Government Run Health Care.

This section forces insurers to defend any increase in premiums.  It couples this forced disclosure of information from health insurers with grants to States that only occur if the State makes recommendations on excluding insurers from participation in the Health Exchanges.  This is especially troubling when coupled with the bill’s prohibition on purchasing health insurance outside the Health Exchange after a certain point.

Preventing insurers from participating in the Health Exchange basically puts them out of business, and the States are given financial incentive in this bill to recommend that insurers be banned from participation.

Once all insurers are banned from participation in the Health Exchange, the only source of insurance will be the Government.

This becomes far more likely when the effect this bill will have on insurance premiums is taken into account.  Premiums will skyrocket as a result of all the increased costs imposed on insurance companies, coupled with the incentive to healthy individuals to drop insurance.

Greatly increasing the cost of insuring individuals coupled with a decrease in the ability to spread the costs across an insurance pool will cause premiums to increase at an exponential rate.  The Government will call this “price gouging” and ban insurers from participating in Health Exchanges.  This will result in the Government being the only entity legally allowed to offer health insurance.

Hello Government run Health Care.

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