Obama administration top healthcare official admits the much maligned health insurance industry is on the path to extinction as result of the president's healthcare law. Yes, America is well on its way to "single-payer" Europeanized healthcare.Health and Human Services Secretary Kathleen Sebelius says that private health insurance providers are in a "death spiral." Of course they are. Isn't that the way the authors of ObamaCare planned it?
Testifying last Wednesday in front of the House Ways and Means Committee, Sebelius was asked by Rep. Peter Roskam, R-Ill., if the administration was being honest when President Obama promised that those who liked their health plans could keep them.
Said Sebelius: "The private market is in a death spiral."
Sebelius tried to temper her comment by claiming the private insurance market would collapse even if the Patient Protection and Affordable Care Act had not been passed. But the truth is, the market cannot survive under the growing weight of government, and Obama-Care was to be the final heavy load that will crush it.