Posts Tagged ‘Health Insurers’
September 13th, 2010 at 10:06 am
Kathleen Sebelius as Soviet Commissar?
Posted by Print

In Friday’s Liberty Update commentary “The ObamaCare Fit Hits the Shan,” we noted how quickly the negative consequences of ObamaCare are arriving in the form of higher health care spending and insurance rates.

Well, Kathleen Sebelius, President Obama’s Health and Human Services Secretary, seems to believe that she can terrify the economic laws of supply and demand into deference.  Attacking private health insurers for doing nothing more than adjusting their bottom lines to meet business realities imposed by ObamaCare mandates, Sebelius ordained:

There will be zero tolerance for this type of misinformation and unjustified rate increases.  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.”

Karen Ignagni, who leads America’s Health Insurance Plans, provided an Economics 101 primer that Sebelius should have received in college by saying, “It’s a basic law of economics that additional benefits incur additional costs, and the impact on premiums depends on the type and amount coverage policyholders had before.”

Simple economics aside, who does Sebelius think she is?  A Soviet-era commissar who can cow American citizens and businesses by thundering such threats?  Ms. Sebelius, you’re about to receive a true lesson in “zero tolerance” when Americans head to the ballots in November.