[RhoTheta]

What Obamacare does is reset all relationships, which makes this worse.

All this time, the insurance business has been arranged by risk pools and actuarial charts that drive them so that insurance companies can charge lower prices to lower risk clients. By shattering that model - doing away with the ability to subdivide the client base by risk - insurance companies will either go bankrupt, or exist only by government subsidy as front organizations for another social welfare program. Risk assessment and appropriate pricing was a valid business model. Obamacare never was.

[Pearls Before Swine]

I realize that Obamacare shatters the existing relationships. I'm complaining about how screwed up that was--in effect, it seizes an intangible that has value from continuing customers, and treats them the same as first-timers. Put differently, the customer who has been insured for a number of years has already paid more than he has cost, and that's the financial value of the relationship being taken away from him.

And, of course, I agree that Obama and crew could care less.