Not all insurers backed OCare. At the time, I was working at one of the biggest BCBS organizations (covered 4 states) and they fought against it from the beginning. They even rallied those of us in the PAC to encourage our congress critters to vote against it.
......good point, but many of the biggest were ALL IN with their gay whitehouse partner and therefore deserve what ultimately happens to them.
I don’t think they can totally rely on a fed bailout either because at some point the US bond buyers are going to “just say No,”.............many already have.