Mass. Health Close to Single Payer System

Health insurers in Massachusetts lost $150 million last quarter due to the state's health care changes. From the NY Post:

The companies have gone to court to challenge the state's action -- it apparently had no basis for its ruling beyond the political needs of Gov. Deval Patrick. If they win, Bay State health premiums will continue their rapid rise; if they lose, they'll eventually have to stop doing business in Massachusetts -- and the state will be that much closer to a "single payer" system of socialized medicine.

Here comes Obamacare...