Free Markets, Free People


Another victory for Obamacare

Principal Financial exits the health insurance business due to Obamacare. “You can absolutely keep your health insurance plan!”

Right. For as long as it exists.

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7 Responses to Another victory for Obamacare

  • They’ll look you in the eye, with a straight face, and tell you THEY had nothing to do with this, it’s all a result of greedy capitalists.

    Like a kid with a bucket of gasoline in an enclosed space will claim he had nothing to do with the fire after he lit a match on the other side of the room and the fumes ignited anyway.

  • Clearly, Principal Financial is racist.

  • There is a month to hang all of this around the neck of anyone who voted for ObamaCare.  The list is getting long.  We have AT&T, Pilgrim, child only policies, and now Principal.  There will be more.

  • Funny how free enterprise shun businesses that are not profitable. Of course, government doesn’t care about profits. They just have the tax payers subsidize it or just take on more deficit. Isn’t socialism great!

  • It’s worth remembering that this is precisely what Barney Frank, Henry Waxman, et. al. wanted. Obama too, though the difference he was too dishonest and conniving to admit it. He knew if he did, it wouldn’t pass, so he out and out lied.

    They all want to see private insurers forced out or completely under government control. Other considerations are pretty minor to them beside that one.

    I understand that there are those who think Obama is just too clueless about economics and business to have expected this. I suppose that’s possible, but I’m past giving the benefit of the doubt. At this point, if the result is pure collectivism, I have to assume that the objective at the start was pure collectivism.

    • It’s worth remembering that this is precisely what Barney Frank, Henry Waxman, et. al. wanted. Obama too, though the difference he was too dishonest and conniving to admit it. He knew if he did, it wouldn’t pass, so he out and out lied

      >>>> Spot on, and always worth loudly repeating.

      This is a feature, not a bug of Barackycare

      • It is really horrible to contemplate the idea that our national leaders are conniving in this manner.  One of the central ideals of our founding is equal justice under the law: the government does not play favorites with individuals or groups, nor does it punish individuals or groups unless they have violated pre-existing law*.  But what do we see here?  A campaign to demonize and bankrupt businesses that have operated legally in our country for decades and – I dare say – are considered by most Americans to be a boon to our lives (imagine life without insurance).  This campaign is being waged by government officials not only for crass political purposes but also for a more sinister object: to engineer a situation that will increase their control over our economy and and individual lives.

        I am honestly reminded of a gangster “protection racket”: the gangsters offer “insurance” to shopkeepers, then burn down a shop or two to demonstrate just how much the “insurance” is needed.

        Gangster government, indeed.

        —-

        (*) Yes, yes, I know: “equal justice under the law” doesn’t appear explicitly in the Declaration of Independence, and nullum crimen, nulla poena sine praevia lege poenali is a concept that has existed for centuries (if not millenia).  However, both ideals are wrapped up in the magnificent sense of fair play that MOST Americans instinctively understand and (more or less!) embrace.  The whole point of throwing out George III and his minions was that our noble ancestors were sick and tired of being ruled by autocratic caprice AND being treated like something other than the equal British citizens they had thought themselves to be.