Health care represents the latest frontier in this drive to centrally manage the American economy.

Why would the industry agree to this preemptive surrender? Because it means the end of competition. Under the proposed agreement, the government would guarantee a certain level of profit for each health care producer. From the industry’s point of view, the goal is to get a seat at the table as politicians and government technocrats “reform” health care—which means it will decide who the winners and losers will be.