Fearing that health insurance premiums may shoot up in the next few years, Senate Democrats laid a foundation on Tuesday for federal regulation of rates, four weeks after President Obama signed a law intended to rein in soaring health costs.
Folks… here we go. Congress has figured out what the response of the insurance industry will be in response to a REFORM package that was supposed to DIMINISH costs…. the insurance companies will raise their rates… significantly. So Congress is already scrambling to put the “fixes” in place. Band aids for a wound that hasn’t even occurred yet 😦
And the insurance industry spokesman is laughable at best… seeking to control costs because the hospitals and doctors demand or command price increases… are you kidding me. I’ve never dictated a rate to an insurance company and would be laughed at if I did.
We start with a program destined to fail, Congress now seems to know it, and they will come up with more legislation to fix the previous legislation initially designed to prevent all of this mess to begin with.
Once again… I was completely in support of meaningful reform… we didn’t get that. My comments do not reflect those of my employers.