From The Business Insider:
Howard Dean, who knows a thing or two about medicine, and has long been an advocate for reform, just said on CNBC that "you may want to buy health insurance stocks if this thing passes."
Basically, "reform" has turned into a big ol' gravy train for private industry....
What? This isn't about providing low-cost healthcare for America? What else has Howard Dean had to say about the Healthcare Bill?
On Sunday's Meet The Press, MSNBC host Joe Scarborough was asked a simple question about health care: What has President Obama achieved? His answer: "He has made a lot of people with insurance stock a lot richer."
"This [bill] is great for insurance companies," he explained. "They were going to reform the system [but] neither side wanted to take on the insurance companies. Neither side wanted to get rid of anti-trust exemptions. Neither side really pushed hard to allow you or me or anybody here to buy across state lines."
And as Howard Dean said -- and this is a devastating fact -- insurance companies' stocks reached [52-week] highs on Friday after this so called reform bill got its 60th vote. So David Axelrod, who I love and respect, but David Axelrod kept saying 'we took on the insurance companies, this is real reform, they're against it.'
Really? I don't think so."
What? Insurance stocks are now at a 52-year high? Do The Playahs know something that we don't know?
Well, yeah, they do.
When time permits, look up Regulatory Capture.
Then do a bit o' Googling on Barriers To Entry.
Speaking of Howard Dean, and our failure to encourage competition, here's Dr. Dean in full competition mode: