Fire Dog Lake separates supposed myth from reality.  However, there’s no reference to taxpayer funded abortions that the bill makes possible, nor the moral hazard designed to drive private insurance over the edge.  It seems even liberals hate the Obamacare Bill, but mostly because they have to wait a few years for a public option to be the only option.

Some dire predictions for private health insurance are here.

WHAT WILL REALLY HAPPEN
A) Oh yes, please look at the 2014 stipulations as well. Employers will ultimately drop their coverage and stop offering it if they employ more than 50 employees. Think about it, they will cut costs significantly in the form of premiums (they will have to pay a $750 fee per employee fee when not offering a plan) and will be able to tell their employees that they have health care available through the government exchange plan. — You don’t think they’ll do it? Right now, most employers pay 1/2 of the health plan costs per employee, just assume that that is $200 a month of a total of $400 a month. The break-even is just at 4 months. Cash strapped employers will absolutely push their employees off into the new plan.

B) Over the course of the next 3 years, people will sue the federal government and it WILL be declared unconstitutional to require a person to enter into a contract with a third party to obtain insurance.B) In that 3 year period, private insurers will have had their business margins slashed and profitability will have been destroyed. With the high court ruling that the health reform act is unconstitutional, we will see a final destruction of these firms as the trend to buy insurance will be broken and good healthy clients will drop policies, while sick folks will retain them.

C) As a result of the court action, the federal government will step in with the only solution – a national health plan that is a one payer system (GOVERNMENT HEALTH PLAN). This will be the only fix as the collapse of private insurance plans will be complete.

It sounds ominous and sounds like a conspiracy doesn’t it? The answer is clearly “YES” it does and guess what, it is all planned. Remember, the administration says they don’t care what gets passed, just as long as it is passed. This is the gateway for the end goal of national health care.

Bottom line? If these predictions are correct, one thing stands out: Stock prices of private health insurers in the US will be toast — it’s a question of exactly when. Long term puts on health insurance providers may be a good bet…