Health Insurance Organization Sells Out Membership to Obama Administration

I can’t imagine a worse quote as this: Health Insurers Try to Scuttle Obama Plan:

In an effort to scuttle a major part of President Obama’s plan to reform the nation’s health-care system, private health insurers are taking the unusual step of asking Congress to increase regulation of their industry.

“We are not asking people to trust us,” Karen Ignagni, the president of America’s Health Insurance Plans, told a key congressional panel on Tuesday. “We are asking people to trust government.”

It’s obvious that Ignagni, and presumably the health insurance industry that she represents, hasn’t read Atlas Shrugged. Asking government to chop off one’s hands and feet in order to save one’s head is the worst sort of compromise. This is just horrible stuff:

“I know you guys are skeptical, I read it on your faces,” Ignagni told reporters following the hearing. “This is truly what it is: It is a transparent call for a full-scale renovation and a complete overhaul of the existing regulatory mechanisms.”

Read the whole thing, if you can stomach it.

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