Obamacare’s backers keep on claiming that it’s not a government takeover because private insurers are involved. But it’s not clear how at set-up will fare. According to The Hill (hat tip to Right Wisconsin):

“Moody’s announced Thursday it was downgrading its outlook for health insurers from stable to negative based on uncertainty related to ObamaCare. . . .

“ ‘While we’ve had industry risks from regulatory changes on our radar for a while, the ongoing unstable and evolving environment is a key factor for our outlook change,’ Moody’s Senior Vice President Stephen Zaharuk said in a statement. ‘The past few months have seen new regulations and announcements that impose operational changes well after product and pricing decisions were finalized.’ ”

The rating agency also mentioned the awful economics: Too few young and health people were signing up.

It’s more evidence that the train’s already leaving the station toward a taxpayer bailout of insurers. Worse, it’s also evidence that, for the Obama administration, this is a slow drift toward single-payer – a total government takeover of health care. And if you think the government’s botched things big-time already, wait until it runs the whole show.