We Told You So

[Valin]

RealClear Markets:

Robert Tracinski

1/20/13

 

As the Affordable Care Act--otherwise known as ObamaCare--begins to be implemented, we are seeing its first big consequence: it is making care less affordable.

 

The New York Times reports that "Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration's health care law was to stem the rapid rise in insurance costs for consumers."

 

"Even though"? In fact, Obamacare is simply doing what a lot of people predicted it would. Critics of ObamaCare warned that it would produce precisely the kind of premium increases we are now seeing, for precisely the reasons that new reports are now citing.

 

I was one of those critics, and I take no joy in pointing out that we told you so.

 

I for one am looking forward to saying that, many times in the next 4 years.