Political fact-checker says 'government takeover' year's biggest lie

Republicans’ claim that the new healthcare reform law is a government takeover was the year’s biggest lie, according to a political watchdog site.

The “government takeover” claim, which played an important role in shaping public opinion about the reform law, is  completely false, according to Politifact, which fact-checks political statements.

“It's true that the law does significantly increase government regulation of health insurers,” Politifact said. “But it is, at its heart, a system that relies on private companies and the free market.”

Republicans say the reform law is a government takeover because the plan increases federal regulation and includes an individual mandate to purchase health insurance by 2014. However, Politifact said that most Americans will still be covered by private insurers, which actually benefit from the law.

“It will bring new business for the insurance industry: People who don’t currently have coverage will get it, for the most part, from private insurance companies," it said.