Manhattan Institute for Policy Research.
search  
 
Subscribe   Subscribe   MI on Facebook Find us on Twitter Find us on Instagram      
 
 
   
 
     
 

National Review Online

 

Obama's Insurance Mess

March 09, 2010

By Philip K. Howard

One of the president’s biggest talking points these days is his new proposal for a federal board to review health-insurance premiums and block “excessive” rate increases. In today’s New York Times, however, state insurance regulators explain why the plan is a bad idea:

Experts see a serious potential problem: Federal officials will focus on holding down premiums while state officials focus on the solvency of insurers, the ultimate consumer protection.

Economists say that holding down premiums does not necessarily hold down the cost of care, which reflects the prices charged by doctors and hospitals and the volume of services.

State officials worry that they would be left to police the solvency of health insurance companies while federal officials pressured insurers to reduce premiums, as Mr. Obama has done in recent days.

Said one insurance commissioner: “You’re not necessarily helping the consumer if you keep the rates artificially low. . . .What’s worse for the consumer: having a premium increase or having to pay the full amount of a medical expense because the company is out of business?”

Obama’s war on the insurance industry is meant to rally public support for the the Dems’ legislation — but the public doesn’t appear to be buying it, with the latest Rasmussen polls showing 57 percent of voters predicting that Obamacare will hurt the economy and 53 percent opposing Obamacare.

Whatever the administration is selling, the public isn’t buying it.

Original Source: http://healthcare.nationalreview.com/post/?q=ZDZmNjE4M2JmMzYwYjk4ZjExM2U3MTY2MmU4YTJiODg

 

 
PRINTER FRIENDLY
 
LATEST FROM OUR SCHOLARS

Pension Armageddon
Stephen Eide, 06-29-15

Pension Armageddon: Can California Voters Avoid It?
Stephen Eide, 06-29-15

Don't Count On A Leftward Push From Millennials
Kay S. Hymowitz, 06-29-15

King v. Burwell Changes Nothing. Obamacare Is Still Rife With Problems
Paul Howard, 06-29-15

The Message For Politicians In 'Jurassic World's' Shift Against Big Business
Nicole Gelinas, 06-29-15

A Machete Attack Recalls NYC's Bad Old, Pre-Giuliani Days
Myron Magnet, 06-27-15

If Andrew Cuomo Leaves The Subways To Hang, He Proves The Tea Party Right
Nicole Gelinas, 06-22-15

The Pope's Flawed Climate Math
Robert Bryce, 06-22-15

 
 
 

The Manhattan Institute, a 501(c)(3), is a think tank whose mission is to develop and disseminate new ideas
that foster greater economic choice and individual responsibility.

Copyright © 2015 Manhattan Institute for Policy Research, Inc. All rights reserved.

52 Vanderbilt Avenue, New York, N.Y. 10017
phone (212) 599-7000 / fax (212) 599-3494