Democrats still pushing control freak policies for health care

Adam Brodsky:

PRESIDENT Obama and congressional Democrats are now fixing their gun sights on health insurers, but their broader, underlying goals remain unchanged: socializing costs and extending Washington's control of the health-care sector.

This takes what Obama told Joe the Plumber about "spreading the wealth" a step further. Because not only do the reforms redistribute wealth by shifting costs; they also put government in charge of spending even more of the nation's money.

And they can do it via a "public option" or heavy insurance regulation and mandates.

Follow along: Obama is now blasting insurers, claiming they "do nothing to improve care and everything to improve their profits." Imagine: companies looking to make a buck!

Actually, according to this year's Fortune 500 rankings, health care's evil "insurance and managed care" sector placed far from the top in profitability among the nation's top industries -- wringing margins from poor, "victimized" Americans to the tune of just 2.2 percent of revenues. Quelle horreur!

Obama accuses companies of boosting profits by "discriminating" -- interesting word choice, no? -- "against sick people."

What he means is that if someone never pays a dime for insurance (and never has an employer buy it for him, either) but suddenly falls ill, insurers should nonetheless give him insurance, and at the same rate they charge everyone else -- and cover his medical bills.

But those medical bills may well exceed the revenue they collect from his premiums. Which means everyone's premiums will have to go up, to pay for these "free riders."

...

There is much more on Obama's bad medicine and bad economics. Substituting the government of insurance companies will only drive up the cost to tax payers at a time of record deficits.