To the surprise of no one who is actually rational, health care insurers must raise rates to cover new benefits mandated by the Obamacare Congress.
Democrats are outraged of course. How dare insurers seek to recover their Congressionally mandated increased costs!
Kathleen Sebelius, Secretary of HHS, who apparently hails from some alternate bizzaro universe, said, "There will be zero tolerance for this type of misinformation and unjustified rate increases."
The Democrat response, which is so typical, is a call for regulation of premiums.
Stupid. This sort of plan guarantees that premiums will be artificially INCREASED ultimately. Why? It is highly anti-competitive. Insurers will achieve government enforced price protection thanks to the regulatory folks who, surprise, surprise, will primarily come form the insurance industry.
Democrats refused to allow a real price mechanism to be included in Obamacare: insurance across state lines. That would have provided for MORE competition.
If you think price regulation brings lower prices, you are falling for another government lie. And may the Lord have mercy on your soul.
Source: Wall Street Journal
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