exactly what Hussein and dems want....they will then blame the insurance companies for under serving the markets and call for single payer. Nice two step.
So sad to see what is happening to this once great nation. Can we turn this around? If so, will we?
I am a retired insurance broker and still licensed. Companies are already pulling out and concentrating more on life and other acillary insurance benefits. Our health care is soon going to resemble Cuba. What a disaster.
It’s been a long time since I’ve moaned about the fate of the nation. The voters have been streaming into the booths eyes wide open and making intentional choices for decades now. American politics are dominated by a feminine skew (shown in every poll and election wrap-up study) that shirks self-reliance and demands government dominance of daily life.
The country has gone - not going - off the rails.
It is the result of a deterioration of character and morals. I don’t expect to see any quick turnaround.
“Under President Obamas new health-care law, regulators gained a radical power: the ability to define unreasonable premiums and reject them on state-level insurance exchanges.”
The law provided the authority for price controls. The term unreasonable is just window dressing. Price controls are a great election tool. They have some intended impact in the short run. In the long, they are disaster. The left never tires of spinning new terms for old failed solutions. Many economists aligned with the left spin yarns about the virtues of government control in the health care sector as though the health care sector can disregard basic economic laws. Price controls will reduce the supply of medical care. Global budgets will lead to rationing. Strangling and complex regulations will lead to less innovation in health care services. These are immutable economic laws.