Well before enrollment began in Obamacare’s new insurance exchanges, Blue Cross and Blue Shield of Rhode Island dominated the state’s individual insurance market, with a 95 percent market share in 2011.
It’s now clear that health care “reform” is a bonanza for the insurance companies. But these acquisitive businesses want even more. Their efforts to increase their profits are at the center of the clandestine Senate and House negotiations currently shaping the health bill.
Single-payer advocates have been protesting in Senate Finance Committee hearings, chaired by Democratic Montana Sen. Max Baucus. Last week, at a committee hearing with 15 industry speakers, not one represented the single-payer perspective.