Democrats are preparing legislation to allow states to impose price controls on health care premiums. Why is this needed if Obamacare is going to lower Americans health insurance costs? After all, Obama promised health care premiums wold go down 3000% under the Democrat's health reform bill.
The WSJ reported:
When President Obama signed his health-care reform last month, he declared it will "lower costs for families and for businesses and for the federal government." So why, barely a month later, are Democrats scrambling to pass a new bill that would impose price controls on insurance?
In now-they-tell-us hearings on Tuesday, the Senate health committee debated a bill that would give states the power to reject premium increases that state regulators determine are "unreasonable." The White House proposed this just before the final Obama- Care scramble, but it couldn't be included because it violated the procedural rules that Democrats abused to pass the bill.