We-Have-To-Pass-It-To-Find-Out-What’s-In-It Quiz of the Day
Question: Which of the following two statements is true?
The Obama administration said that it would require health insurance companies to disclose and justify any increases of 10 percent or more in the premiums they charge in 2011.
An official at the Department of Health and Human Services said: “The statute does not give us authority to disapprove rates. We do not have that authority. The regulation leaves state laws intact. It does not interfere with state law.”
Truth is we are becoming a fascist state.
This gives a whole new meaning to the concept of “a government of laws”. NOT
My auto insurance rates are going to skyrocket when my teenaged son starts to drive. Can the Government do something about that too?
Did I mention that my grocery store charges $4.00 for a gallon of milk? Obama, please help!
All in the name of “consumer protection.”
If the Dept of Health and Human Services has the authority to set rates, two things are likely to happen. First, most of the health insurers will drop out of the market when rates are set artificially low. Second, the remaining few large insurers will capture the regulators and will get a cartel where rates skyrocket because there are so few firms left.