Howard Dean: Obamacare Bigger Bailout for Insurance Companies Than AIG

Conn Carroll / December 16, 2009

On Good Morning America today, former-Vermont Governor and former-Democratic National Committee Chairman Howard Dean told host George Stephanopoulos:

This is a bigger bailout for the insurance industry than AIG. A very small number of people are going to get any insurance at all, until 2014, if the bill works. … This is an insurance company’s dream, this bill. This is the Washington scramble, and I think it’s ill-advised. … We’ve gotten to this stage … in Washington where passing any bill is a victory, and that’s the problem. Decisions are being about the long-term future of this country for short-term political reasons, and that’s never a good sign.

Dean is dead on. This is what we have been saying for months. Back in June we wrote under the header Stop the Health Care Bailout Before it Starts: (more…)