Sen. Feinstein proposes more health care regulations to reverse inevitable effect of health care regulations
**Written by Doug Powers
Earlier I ran across this AP article that once again demonstrates why the Affordable Care Act is the most ironically titled piece of legislation since the Cunningham/Jefferson Bribery Reduction Bill of 2004:
Some Americans could see their insurance bills double next year as the health care overhaul law expands coverage to millions of people.
The nation’s big health insurers say they expect premiums — or the cost for insurance coverage — to rise from 20 to 100 percent for millions of people due to changes that will occur when key provisions of the Affordable Care Act roll out in January 2014.
Mark Bertolini, CEO of Aetna Inc., one of the nation’s largest insurers, calls the price hikes “premium rate shock.”
“We’ve done all the math, we’ve shared it with all the regulators, we’ve shared it with all the people in Washington that need to see it, and I think it’s a big concern,” Bertolini said during the company’s annual meeting with investors in December.
The implementation of a 20,000-page paper skyscraper loaded with government health care regs is accelerating the increase of premiums? Who knew!
However, California Senator Dianne Feinstein is trying to counter the effects of all those new regulations and federal controls by proposing… more regulations and federal controls. From a Mercury News editorial, by way of Twitchy:
Sen. Dianne Feinstein has the solution for the 17 states lacking the authority to block or modify egregious rate increases. She is proposing to give the secretary of Health and Human Services power to examine health insurance premiums and deny unjustified or excessive rate hikes. Congress should pass Feinstein’s bill, and if it doesn’t, Californians should protect their own interests with a ballot proposition planned in 2014.
Californians and everybody else should insist on the repeal of Obamacare for starters, but instead Feinstein — along with the Mercury editorial board and others — would rather in essence try to lessen the ripple effect caused by throwing rocks in a pond not by decreasing the size of the rocks, but by outlawing ripples. The implementation of Obamacare means we’ll continue to see the definition of insanity played out in real time, day after day (straight jackets are covered under Obamacare… they thought of everything).
**Written by Doug Powers
Twitter @ThePowersThatBeblog comments powered by Disqus
April 18, 2017 09:56 AM by Doug Powers
March 13, 2017 08:44 PM by Doug Powers
March 10, 2017 01:49 PM by Doug Powers
March 9, 2017 08:45 PM by Doug Powers
January 4, 2017 02:44 PM by Doug Powers