President Obama, whose vilification of insurers helped push a landmark health-care overhaul through Congress, plans to sternly warn industry executives at a White House meeting Tuesday against imposing hefty rate increases in anticipation of tightening regulation under the new law, administration officials said Monday.
The White House is concerned that health insurers will blame the new law for increases in premiums that are intended to maximize profits rather than covering claims.
Tuesday, June 22, 2010
If That Doesn't Work He Will Put a Boot to Their Throat
First he usurps the bankruptcy process with GM and threatens the creditors to get them to accept it, then he extorts $20 billion out of BP, now he is threatening the insurance companies. RIP capitalism.
Uhh, you are responsible. The new law changes the way the insurance market works, they will have to respond to it. You have nobody to blame but your own misguided policies. Go back to school and take economics 101.