It was just a few weeks ago that the President proudly announced that ObamaCare could cut medical premiums by a mathematically-impossible 3000%.
Well, mathematically-impossible or not, they’re going to give it a try by giving state regulators new, broader powers to reject premium increases they don’t like.
The Wall Street Journal reports:
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.
Looks like Nancy Pelosi was right – they had to pass the bill to find out what was in it.
And the more we find out, the less we like it.
Source: Wall Street Journal
