"Private health insurers lost an estimated 9 million customers between 2000 and 2007. In many cases, people lost coverage because they or their employers could no longer afford it as premium increases outpaced wage growth and inflation.
Recession job losses are adding to the toll. Some economists estimate that every percentage-point increase in the jobless rate adds 1 million people to the ranks of the uninsured.
The industry's real trouble begins in 2011, when 79 million baby boomers begin turning 65. Health insurers stand to lose a huge slice of their commercially insured enrollment (estimated at 162 million to 172 million people) over the next two decades to Medicare, the government-funded health insurance program for seniors.
"The rate of aging far and away exceeds the birth rate," said Sheryl Skolnick, a CRT Capital Group healthcare investment analyst. "That's got to be very scary. . . . This
... So the best way for the industry to preserve the private insurance market -- and derail the campaign for a single-payer system -- may be to go along with more palatable proposals on the table now, said Jeffrey Miles, a healthcare analyst and president of the Miles Organization, a Los Angeles insurance brokerage firm.
"If healthcare goes down this year, you are going to end up with single-payer care much sooner than anyone expected," he said.But there is a limit to how much change the industry will abide. It draws the line at proposals, supported by President Obama and others, to offer consumers a public insurance alternative to private coverage. is the biggest fight for survival managed care has ever faced, at least since they went bankrupt in the late '80s."
http://articles.latimes.com/2009/jun/07/business/fi-healthcare7(LA Times archive is temporarily down. Cached page on google)
Not only do they kill 1 million americans over the last 20 years, they are now facing a crippling loss of customers in the next two decades. I'm sure lawmakers and the white house are well aware of that fact. The mandate and taxpayer subsidies are meant to save the industry.
Ironic, the one time we have a real opportunity to pull the plug on the ins. giants thereby freeing future generations from their massive abuses, we save and strengthen them instead and leave the whole sordid mess for future generations to struggle with.
Just what wall street and the industry ordered be done. By the time this goes through the senate it will be the "insurance mandate bill". And since the government hasn't successfully regulated a major industry in decades, good luck with the no pre-existing conditions law. That legislation will be on the shelf sitting right next to the no illegal wiretapping and no torture laws.