INSURANCE COMPANIES DESERVE OBAMACARE

[Geee]

American Spectator:

The latest attempt by the Obama administration to avoid the consequences of its inept implementation of the Affordable Care Act has been to issue yet another of its surprise edicts. This new Health and Human Services regulation, which was announced Thursday night, “significantly relaxed the rules of the federal health-care law for millions of consumers whose individual insurance policies have been canceled, saying they can buy bare-bones plans or entirely avoid a requirement that most Americans have health coverage.”

 

This last minute movement of the goalpost comes on the heels of another HHS rule change, issued a week ago, that essentially forces insurers to provide retroactive, discounted coverage to the many Americans who are about to lose their insurance plans because of Obamacare. Insurers are not amused. The statement released by the President of America’s Health Insurance Plans was typical: “This latest rule change could cause significant instability in the marketplace and lead to further confusion and disruption for consumers.”

 

The administration’s latest regulatory caprice brought swift condemnation from Capitol Hill as well. Florida Senator Marco Rubio responded thus: “Holding a fire sale of cheap insurance is not a responsible fix for a broken program. This is a slap in the face to the thousands of Americans who have already purchased expensive insurance through the Obamacare exchanges.” The White House and HHS claim, however, that this is really no big deal. They assert that the rule change will only affect a few hundred thousand people.