Bizblogger

Site for Free Markets and Free People

Friday, September 10, 2010

Obama Sticks Nose Into Private Insurance Sector Again

Obama raises the costs of health insurers dramatically. Insurers respond with planned rate increases. Now Obama says that these "unjustified" rate increases "won't be tolerated."

The Obama administration is in complete denial about what makes the private economy work.

"There will be zero tolerance for this type of misinformation and unjustified rate increases," Ms. Sebelius 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."

Because we all know Obama has told us that his increased costs would actually lower our premiums, right?