Funny, I Don’t Remember Obama And Congressional Democrats Telling Us This Would Happen

Not so long before the November elections, health insurers have thrown a monkey-wrench into the Democrats’ plan to pretend their healthcare reform law never happened.  According to today’s WSJ, evil Big Insurance is seeking to increase rates to cover the additional costs the law will impose. 

Who could have predicted that insurance companies would pass additional costs on to consumers?  Certainly not the Obama Administration or Democrats in Congress.

But that is exactly how it works.  If the government imposes a cost on industry — whether through a regulatory burden, a tax, or a mandate — consumers will ultimately bear that cost through higher prices.  Always.  Only a person completely divorced from economic reality could believe otherwise.

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Published in: on September 8, 2010 at 3:02 pm  Leave a Comment  

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