Health startup closes

Health care nationalization may be years from going into effect, but it’s already forcing health insurers out of business. nHealth, a new insurer based in Virginia is closing because it wasn’t able to raise additional capital.

You certainly can’t blame the investors. nHealth’s business model was based on personal responsibility, high deductible plans, and health savings accounts, exactly the sort of health insurance that President Obama wants to put an end to.

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