Obama going after insurance companies - again
What makes Obama's bullying of the insurance industry so arrogant in this instance is the hubris it takes to jawbone executives not to raise rates when it is his own "reform" plan that is driving costs up in the first place.
In other words, Obama wants the insurance corporations to cover for his lies and incompetence:
President Obama, whose vilification of insurers helped push a landmark health care overhaul through Congress, plans to sternly warn industry executives at a White House meeting on Tuesday against imposing hefty rate increases in anticipation of tightening regulation under the new law, administration officials said Monday.
The White House is concerned that health insurers will blame the new law for increases in premiums that are intended to maximize profits rather than covering claims. The administration is also closely watching investigations by a number of states into the actuarial soundness of double-digit rate increases.
Insurance companies blaming Obamacare for rate increases? Who could have possibly seen that coming!
Hat Tip: Ed Lasky
Ad Free / Commenting Login
FOLLOW US ON
Recent Articles
- A Taste of the Swamp
- Do We Have 677 Unelected Presidents?
- Global Relations beyond the Prime Directive
- The Democrat Party: The Enemy Within?
- Tariffs and the Moral High Ground
- ‘Mahmoud Khalil, Who Are You?’
- The Slush Fund Nobody Voted For
- Hacktivism and the Possibility of WW III
- Illegals Working for Congress?
- Should FBI Agents Learn Martial Arts?
Blog Posts
- Carville tells Democrats to quit making asses of themselves
- About that Texas congressman who called the transgender member of Congress 'Mister' ...
- A federal district court judge erases Trump’s ability to rid the country of enemy aliens
- In the UK, rape gangs are OK, pictures of women sans hijabs not so much
- Bacha Bazi still being practiced in Afghanistan; young boys sexually abused
- UN judge convicted of forcing a woman into indentured servitude
- What are capital gains, really?
- Trump begins restoring law and order
- Purge the poison: End Middle East Studies
- The Godfather: 53 and getting better all the time
- Why aren't Johnny and Suzie reading?
- ActBlue smurfs its way to oblivion
- Hunter Biden hotfoots it to a luxury vacation in South Africa, seemingly to avoid a deposition on his claimed poverty
- The Obamas' podcast bombs
- Did Stacey Abrams’s NGO really get $2 billion for appliances to hand out to Americans?