On October 29th, in an article published by the Associated Press, it was reported that Nancy Pelosi stated that the new health care bill is an “historic moment.” So it appears as though the taxpayers are being led down the road to another bailout. The government now has a health care bill, approved by our Representatives, which dictates a new set of rules for another private industry.As it is being promoted, we are being told that a government program will help “people turned down by private insurers because of medical problems.” After the “temporary government program” goes away — as if government spending ever goes away once it is in place –insurers will no longer be able “to refuse to provide coverage for the sick, nor could they charge more because of poor health of the insured.”It all sounds too good to be true, which means there is more to the story that is not being promoted. For example, how much are the taxpayers going to be forced to pay for this “temporary government program?” What Medicare benefits presently being provided will be reduced or totally removed from the program to help fund the “new health care bill?” Obviously a new federal department to take control of our health care will be required. How big do you suppose that will grow to be? If the new Department of Health, or whatever they choose to name it, is anything like the Department of Energy, it will create thousands of new government jobs and never meet the original goal.It is beginning to sound like the pattern for the “new health care” is very similar to the approach taken under previous administrations in forcing the banks to adopt new lending standards. As we have learned during the past year or so, the banks ultimately were coerced and pressured into lending money to applicants with inferior credit ratings as a means to provide “access to everyone” (i.e to level the playing field for everyone to obtain loans).If I understand what happened, the net result to the banking industry was a higher level of bad debts, higher default rates, and more home foreclosures, all of which ultimately required the federal government to bail out the banking industry with taxpayer money. For most of us, that is our hard earned money going to bail out an industry that the government forced to adopt poor business practices in lieu of sticking to basic business disciplines. Even so, more than 100 banks already have failed this year, and more than likely, there will be more bank failures before it is over!It has become increasingly apparent that the government does not understand, or just does not want to believe, the old adage that “history repeats itself.” With regard to “health care,” the government will be forcing private health insurers to cover high risk people without being able to charge a premium to cover the higher risk to the company. By adopting rules that lower qualification requirements for the health care industry similar to the approach imposed on the banking industry, the government is taking the taxpayers down the same path. I predict that health insurers will be lining up for bailout money at some date not too far in the future if these provisions are approved by the Senate and the Congress.Net, net, the government will be taking control of yet another industry via the circuitous route of “providing health care to everyone.”Here is something else that is interesting. It appears to be more than coincidental that the “temporary government program” will end and the mandates to the health insurers take place in 2013 just after the next presidential election! Now what is up with that?