Well, first of all, I think providing medical care to the poor outweighs keeping super profitable insurance companies in business. This country would be a LOT better off if we DID drive every insurance company out of business while providing higher quality healthcare to all of our citizens. We're the richest country in the world and our healthcare quality isn't even in the top 25. It's disgusting.
Secondly, MA has a public option, which radically alters the landscape for for-profit insurance providers, of which there are very few in MA. Most are non-profit. This is really a good thing, IMHO, but also means the MA model provides no evidence for Obamacare driving for-profit insurance providers out of business.
Thirdly, while the insurance companies wanted a better deal than the ACA gave them, overall it's going to be a net positive for them. We did just pass legislation requiring >30 million people purchase private insurance. Yes, the pre-existing condition requirement hurts them financially, as well as the rest of the regulations included, but, again, that's a good thing for us, even if it's bad for their bottom line.
Geez, I'm not even sure why I wasted my time attacking an article from American Thinker anyway.
