Health Care Surprise!
"We have to pass the bill so that you can find out what is in it." Those were the famous last words of House Speaker Nancy Pelosi before ramming ObamaCare through the lower chamber in March. The California Democrat surely knew how foreboding her words were.
So what are some of the unfortunate provisions rearing their ugly heads, now that Democrats have succeeded in taking over one-sixth of the economy?
For starters, a loophole in the law enables insurance companies to -- gasp -- raise their premiums. "Although Democrats promised greater consumer protection, the overhaul does not give the federal government broad regulatory power to prevent increases," reports the Los Angeles Times. "It is a very big loophole in health reform," said Sen. Dianne Feinstein (D-CA). According to the Times, "Feinstein and Rep. Jan Schakowsky (D-Ill.) are pushing legislation to expand federal and state authority to prevent insurance companies from boosting rates excessively." Of course, "excessively" is relative in an industry that averages between 3 and 4 percent profit, and in which most premium increases are driven by the cost increases in medical care caused by government intervention.
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