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Obamacare will destroy your private health insurance

The following snotty quote is a lie.

Why would [the “public option”] drive private insurers out of business? If private insurers say that the marketplace provides the best quality health care, if they tell us that they’re offering a good deal, then why is it that the government — which they say can’t run anything — suddenly is going to drive them out of business? That’s not logical.

Barack Obama
June 23, 2009

Oh, it’s logical. The so-called “public option” sounds nice at first, but it’s actually a sneaky scheme to engineer a total government takeover of your health care.
You have to remember that the government isn’t a fair competitor. It doesn’t have to play by the same rules as your employer. It doesn’t have to make a profit, keep its employees happy, or provide excellent service to its “customers.” It will take you as a “customer” even if you can’t pay, because it can just absorb the loss and print more money. Private companies can’t compete against the entity that makes and enforces the rules … especially when that entity is run by statists progressives who have decided to eliminate those private companies. The game is rigged from the start.
When it comes to covering expenses for employee pay and benefits, your employer has two choices on how much to pay:
Obamacare crowds out private health insurance
Gee, I wonder which one your boss will pick?
Unless your boss is nuts, he’ll stop paying for your health insurance. What if your boss actually is nuts, and decides to keep paying for your private health plan? Your employer’s competitors will cut their expenses by dumping their health coverage, and their cost savings will mean they’ll run your employer out of business … and you’ll lose your job. It’s a variation on the Tragedy of the Commons.
Although it’s bad enough to face a choice between eventually losing your private health care or losing your job, Congress is about to kick things into high gear. They’re getting ready to tax your private health insurance. It won’t be long until the so-called “public option” will be your only option.
The statists progressives have been working toward that goal all along, and last year during the presidential campaign a few were honest enough to admit it.

Today? Eh, not so much.