Insurance industry attacks healthcare legislation

So take the (Republican) argument in support of globalization: You don't subsidize an industry just because your fellow citizens' or constituents' jobs depend on it. Let the most efficient producers do the production of each good or service.

By that same logic: The insurance industry has a 20% overhead to play with. Is it a risk that they could use that 20% (of a few $ Trillion) to lobby? Could this lobbying activity be used to prevent trimming of that 20% overhead? Why would voters want to preserve this never-ending loop? Overhead -> Lobbying -> Overhead -> Lobbying. Isn't it in violation of free market principles? Shouldn't those less-efficient insurers be displaced, as in globalization, in favor of the more efficient insurers, using the same rationale as that for globalization? Shouldn't inefficient, higher overhead insurers also be “off-shored,” and perform some other, more efficient, economic activity?

So there’s an option that the government claims will eliminate the overhead, among other things. The counter-claim is that subsidies will make it artificially cheap and put insurers out of business. So, have a watchdog make sure the government isn't subsidizing that plan to make it artificially more competitive.

An unsubsidized, low-overhead plan would be a better standard against which an efficient insurer should be measured.

why would one ever trust the insurance industry & their paid lobbyists to do the right thing. it's all about greed and how3 much th top execs can put in their pocket... and how much can they extract from consumers pocvkets by paying less or not at all or raising prices or all of tyhe above. it's about time they got their hats handed to them.