How did you NOT get that same conclusion from my comment?
The insurance companies were all in for Obamacare. Let’s not make them out to be complete victims. They were counting on all the mandated business. What they didn’t count on was being lied to by the government.
No sympathy here from me. Sorry.
They were counting on this being like the auto insurance industry. Government mandate means greater profits. Not going to work out like that for them.
Government intended to destroy private health insurance all along. It’s the only real way to effectively implement single payer in this country. Well on their way to that too. IF (big if) insurance companies get bailed out it will still be the same thing. Just filtered through a complicit non government billing system.