Reply #66: Robbing Peter to pay Paul is what this bill does.

[Selatius]

It will extend health care to millions who do not have it now, but without an effective incentive for competition in the market for health insurance, there is no real expectation that health insurance premiums will rise at a slower rate than the growth of people's wages. Cost containment is a massive failure in the current system, precisely because there is very little competition among insurance companies. The market for health insurance could be described as an oligopoly, a state where a few large firms dominate the market and informally collude to fix prices artificially high. Others would call it a cartel in everything but the legal sense.

Eventually, people who make too much money to qualify for subsidies and too little money to afford the insurance will be driven into bankruptcy if they are mandated to hold that insurance.