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Democrats are preparing legislation to allow states to impose price controls on health care premiums. Why is this needed if Obamacare is going to lower Americans health insurance costs? After all, Obama promised health care premiums wold go down 3000% under the Democrat's health reform bill.
The WSJ reported:
When President Obama signed his health-care reform last month, he declared it will "lower costs for families and for businesses and for the federal government." So why, barely a month later, are Democrats scrambling to pass a new bill that would impose price controls on insurance?
In now-they-tell-us hearings on Tuesday, the Senate health committee debated a bill that would give states the power to reject premium increases that state regulators determine are "unreasonable." The White House proposed this just before the final Obama- Care scramble, but it couldn't be included because it violated the procedural rules that Democrats abused to pass the bill.
3 comments:
Force them to abide by massive new mandates and then force them not to raise prices.
There can only be one result from that.
I'm waiting for them to vote to suspend reality. It's about all they have left...
Hold on here guys. I appreciate your loyalty and love for big business. I appreciate your love of deregulation as right leaning Americans. But look at even recent history. Any excuse oil or insurance companies can use to gouge the public they use.
This health insurance bill adds 30 million or so people to the pool buying insurance. Large groups equals lower premiums according to everything I've read about actuarial stuff. Yet, when 30 million are added, it means higher premiums now.
These people need to be regulated. That you would believe an insurance company is trying to lower your costs is quite naive friends.
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