Thursday, October 07, 2010

Laws of Economics Trump Obamacare

From Reson's Hit and Run Blog:
Health insurers Wellpoint, Cigna, Aetna, Humana, and CoventryOne will stop writing policies for all children. Why? Because Obamacare requires that they insure already sick children for the same price as well children.
It gets worse of course.

In recent weeks we have heard about major companies, like McDonald's, planning to drop their employer health care coverage. Why? Obamacare coverage is too expensive.

I previously reported on the squealing heard 'round the country by Obama flunky Kathleen Sebelius, who threatened dire actions against companies that bowed to the laws of economics, rather than the desires of Obama.

Memo to President Obama: Contrary to the ideology of most Marxists (with whom you have surrounded yourself), Congress cannot repeal the laws of economics.

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