Thread: Where's the Hundreds of Billions Healthcare Savings? Next Up

Wednesday, April 21, 2010

Where's the Hundreds of Billions in Healthcare Savings? Next Up - Price Controls

In a battle of political will vs. common sense, political will won out as it usually does. The healthcare bill was supposed to save hundreds of billions of dollars but proponents of the bill, especially president Obama never explained how.

Already costs are spiraling out of control, so much so that Congress is resorting to price controls to prevent excessive rate hikes by insurers.

Please consider Senate Bill Sets a Plan to Regulate Premiums http://www.nytimes.com/2010/04/21/healt ... ealth.html

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.

Mr. Harkin praised a bill introduced by Senator Dianne Feinstein, Democrat of California, that would give the secretary of health and human services the power to review premiums and block “any rate increase found to be unreasonable.â€

I would really feel sick about this, but now is not the time to be sick. You might die.

Just the start of the governments complete takeover of the ins. industry