Monday, May 10, 2010

Destroying Employer Based Health Insurance

Fortune magazine editor Shawn Tully describes how many employers may stop offering health insurance to workers under ObamaCare, judging that it would be cheaper to pay the penalties.

These employees would then have to find coverage on the state-run "exchange". Of course, if ObamaCare also drives private insurers out of business through a combination of mandatory benefits and price controls, then that would provide the government with the perfect opportunity to "rescue" the failing system with a single-payer government health plan.

The jaws of the government trap are being set. But Americans don't have to fall for it -- not if they are willing to fight to repeal ObamaCare.