Oops. Yesterday, in its continued flogging of Rep. Joe Wilson for telling the truth, MSNBC let this statement from the Obama White House slip through:

“Undocumented immigrants would be able to buy insurance in the non-exchange private market, just as they do today. That market will shrink as the exchange takes hold, but it will still exist and will be subject to reforms such as the bans on pre-existing conditions and caps.”

As the federal “insurance exchange” grows, the private health insurance market will begin a death-spiral. Plans that don’t comply with new, onerous government regulation will begin to disappear. Before long, it won’t make any sense for any private company to offer health insurance. The federal requirements will make the business of doing so far too expensive, resulting in premiums which will be out of reach for most Americans.

What will we be left with? No choice other than the government
“option”, which will make a mockery out of the word “option.” Joe Wilson is still right. Obama, you lie.

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