Tuesday, March 23, 2010
Be careful what you wish for
So, as you know, these state Attorneys General are suing the Feds over the Health care bill. If I understand it correctly, their primary claim is that the Federal Gummint does not have the right to require citizens to purchase a private product - that being insurance. This will make its way to the Supreme Court, and who knows what the Big Five will conclude? It will force them to decide between two lovers - big corporations and the Republican Party. It's a conundrum.
Anyway, when the ruling comes down, it won't be on the bill as a whole, just the individual mandate provision. If the states prevail, you'll still have the provisions concerning preexisting conditions, annual and lifetime limits, rescission, buying pools, and so forth. These things are very costly, and the only way they work is to force healthy people into the premium-paying cohort. If you remove only the individual mandate from this law, it will be disastrous for the health insurance industry. Something will have to be done!
THAT, my friends, will be hilarious.
IANAL, but I predict that the Supremes won't want to unleash the hilarity, so they'll rule against the states.
I also think they love corporations more.