But that doesn’t mean they’ll stop trying. John Stossel, RCP:
When Obamacare was debated, we free-market advocates insisted that no matter what the president promised, the laws of economics cannot be repealed. Our opponents in effect answered, “Yes, we can.”
Well, Obamacare has barely started taking effect, and the evidence is already rolling in. I hate to say we told them so, but … we told them so. The laws of economics have struck back.
Health insurers Wellpoint, Cigna, Aetna, Humana and CoventryOne will stop writing policies for all children. Why? Because Obamacare requires that they insure already sick children for the same price as well children.
That sounds compassionate, but — in case Obamacare fanatics haven’t noticed — sick children need more medical care. Insurance is about risk, and already sick children are 100 percent certain to be sick when their coverage begins. So if the government mandates that insurance companies cover sick children at the lower well-children price, insurers will quit the market rather than sandbag their shareholders. This is not callousness — it’s fiduciary responsibility. Insurance companies are not charities. So, thanks to the compassionate Congress and president, parents of sick children will be saved from expensive insurance — by being unable to obtain any insurance! That’s how government compassion works.
In 2014, the same rule will kick in for adults. You now know what to expect.
[…]
The Wall Street Journal reports: “Insurers say dozens of other employers could find themselves in the same situation as McDonald’s. Aetna Inc. … provides (similar) plans to Home Depot Inc., Disney Worldwide Services, CVS Caremark Corp., Staples Inc. and Blockbuster Inc., among others, according to an Aetna client list.”
McDonald’s may get a waiver, but I like the Cato Institute’s Michael Cannon’s take on that: “Sorry, but I don’t find it comforting that Obamacare gives HHS the power to waive these regulations on a case-by-case basis. Power corrupts. We’ve already seen HHS Secretary Kathleen Sebelius use other powers granted her by Obamacare to threaten insurers who contradict the party line.”
In a letter to the trade group America’s Health Insurance Plans, Sebelius wrote there would be “zero tolerance” for companies that attribute “unjustified rate increases” to Obamacare. “Simply stated,” she wrote, “we will not stand idly by as insurers blame their premium hikes and increased profits on the requirement that they provide consumers with basic protections.”
In other words: “We have repealed the basic laws of economics. Insurance companies must now give people more but not charge them for it. If you do charge more, you must not tell your customers why. Shut up, obey, and don’t complain. We are your rulers.”
It is what it is.
Just don’t call it liberal fascism, lest you have endure another round of pretend OUTRAGE over your racist, homophobic, eliminationalist xenophobe’s ass having dared tether progressives to the socialism that undergirded Germany’s, you know, national socialism.
Haters.
“In other words: ‘We have repealed the basic laws of economics. Insurance companies must now give people more but not charge them for it. If you do charge more, you must not tell your customers why. Shut up, obey, and don’t complain. We are your rulers.’”
At best, it’s a Chicago thugocracy. But I’m inclined to agree with JeffG, that it’s more likely a glimpse behind the curtain at the socialist totalitarian mindset of the Obamites. Benevolent tyrant wannabees…
You want to know what’s the matter with Kansas? Nothing now that Sebilius has been shipped off to Washington, to ruin even more lives.
How did she ever get elected as governor of Kansas?
If you must treat everyone the same, then everyone will have to pay the higher rates. There is no alternative.
It’s so frelling obvious, too. These elected officials are complete morons.
It’s good to see that some other nations heretofore bereft of functioning markets are figuring them out and stand to benefit greatly.
It’s the grand plan. Make the Insurance (in this particluar case) industry suffer losses and when they cut back coverage, make them the bad guys (for you perception over reality folks). In steps single coverage. Stupid people lap this shit up.
I’m so obstreperous today, that I refuse to spell my name correctly!
Obama.
Is there anything he can’t fuck up?
Stay tuned.
And just around the corner what do we see…Death Panels!
Whether it will be a poison, a pillow across the face, or a Makarov bullet behind the ear the effect will be the same.
Stupid sock puppet…
Gilligan!!
– Yesterday, as Jeff noted, I had the audacity to drop several “reality turds” in Maha’s punch bowl.
– Hopefully it ruined his whole month.
– In other news….
– Also yesterday, Bumbblefuck isn’t getting the love he wants from his own hand picked economic team. To a man/woman they all recommended he extent the tax cuts, except for Vulture Volker of course.
– None of them voiced the precise reasons, that’s just not allowed in the star chamber, but Bambi was noticeably irritated. He kept trying to veer off that subject, only to have attendee after attendee bring it up again.
– He’s determined to stick with the Socialist/Marxist idea that you can actually order people to invest their money, while calling them names and such, all of which supports the idea that Progressives learned their economics from the backs of Cheerio boxes.
– And if it wasn’t for that pesky Constitution we’d have gotten away with it too. I told Hillery we needed that “national regulatory force”, damn her…..
Gilligan, indeed. Just try and repeal that economy Congress.
– Who does that bimbo think she’s kidding sdferr. She’d roll over and spread for 100K in a heart beat. You always have to wonder when someone in the “other” mediots says something like this if they’re really putting it out there in case any one from FOX is listening.
– In the mean time, the entire leftoid media is setting at 1/7th to FOX now in terms of viewership, but of course FOX is FAUX just because they yammer it so.
– Professional jealousy is so unseemly, but when you have no principles to begin with, the rest is a piece of cake.
– I’m referring to the piece on “How much would you sell out for to work at FOX” of course.
Unfortunately, what seems to be escaping the public at large, the likes of Rush Limbaugh and the pathetic media go-alongs is that Obama’s economic policies are INTENDED to be destructive. Cloward-Piven 101: create economic chaos so that big government must swoop in to quell said chaos, all in the name of redistributing wealth. Thus satisfying Rahm Emanuel’s basic tent, “Never let a good crisis go to waste.” The health care leviathan is probably the quintessential example of Obama’s Destructonomics. Sebelius, as well as Obama’s other hand-picked abettors in this administration, know damn well what they’re doing. The sooner the right quits moaning about Obama’s fiscal ineptitude and starts zeroing in on his destructive mission, the better. November 2nd will not come soon enough.
http://heir2freedom.blogspot.com/2010/10/rush-is-wrong-obamas-hostility-towards.html
I think maybe Rush shouldn’t be on that list. He’s been hoping Obama fails from the start — why else would he say that if he didn’t think Obama’s policies would be destructive?
…why else would he say that if he didn’t think Obama’s policies would be destructive?
Because he’s a stupid racist, dude. Didn’t you get the memo?
Just don’t call it liberal fascism,
OK. How about we just call it fascism then.
These guys think they can legislate “daylight,” so… why not?
By marrying someone with the same last name as a long-time Republican Congressman. Then she got elected Insurance Commissioner before going for goobernator.
Benevolent? Really? You think so?
You think they really believe they have our best interests at heart?
I don’t. I think there’s a sizable portion of them — and Obama’s one — that hate this country, hate the people of this country, hate the founding of this country, hate the ideals of this country, just plain hate, and are desperate to tear it all down.
(And anyone who claims Limbaugh didn’t have Bammer’s number from day one is a moron.)
“In 2014, the same rule will kick in for adults. You now know what to expect.”
Of course, forcing insurance companies to cancel policies is a feature not a bug to the socialists.
It gives them the perfect excuse to install the public option (which soon becomes the only option).
That’s a ready-made campaign ad against the Lightbringer right there. He supported the wrong guy in Honduras. And he’d probably do it again.