The Future of Healthcare

ObamaCare is similar to RomneyCare in Massachusetts in many ways, so here's a peek into the future:

From the Boston Globe:

A half-dozen health insurers yesterday filed a lawsuit against the state seeking to reverse last week's decision by the insurance commissioner to block double-digit premium increases--a ruling they say could leave them with hundreds of millions in losses this year. . . .

The insurers' complaint alleges that the state Division of Insurance acted illegally in three ways: by imposing a "rate cap" that is arbitrary and capricious; by attempting to peg rates to a measure--the medical consumer price index--that does not predict future costs; and by violating a requirement to enable insurers to charge adequate rates based on their projected costs in covering medical care.

This is what we can expect when the government supersedes the free market in setting prices and letting competition work. Insurance companies will eventually go broke because they can't operate under the ObamaCare rate caps. At the same time, of course, they're forced to insure people with health problems who will cost more in pay-outs than they make in premiums. So our insurance companies that we may choose for ourselves will go out of business, and what are we left with? Government-issued, one-size-fits-all healthcare.