It's health insurance, not health care. If the pass it, our health care will become a utility.
Exactly. One way or the other, the insurers will be reined in. They either will start providing more healthcare for the premium dollar, or one or more of the following things will happen to them:
1) Their anti-trust exemption will vanish;
2) Medicare will be expanded;
3) The public option will be established.
Their stocks got a reprieve because they
got a reprieve. On the one hand, they're getting a whole lot of mandated new customers and a ton of new money. On the other hand, they're going to be under the microscope now and, if they don't provide "value," they'll be exposed and there won't be any sympathy for them in Congress or anyplace else when it comes time to amend the law.
Plus, they're the ones who have to deal with the "death panel" issue now. The public's gonna get a real quick lesson in YGWYPF ("you get what you pay for"). Want cheap premiums? You don't get big benefits. Want big benefits? You don't get cheap premiums (and your insurer may have to pay tax on some of them).