By Thomas Lifson
Congressional Republicans are acting on a plan, first suggested by Charles Krauthammer, to foreclose the possibility of a massive bailout of the health care insurance industry. Such a bailout now appears very likely, thanks to the fact that older and sicker people constitute a larger-than-planned portion for those signing up for Obamacare, driving up costs to the point that with existing rates, the insurers will suffer massive losses.
Read more>>
