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Facing health insurance premium hikes, Obama administration eyes price controls
the daily caller ^ | 6/23/10 | Jonathan Strong

Posted on 06/23/2010 9:55:42 AM PDT by Nachum

In a shot across the bow to the insurance industry Tuesday, President Obama warned companies facing higher costs in part because of his health care law not to hike their prices, saying “we’ll be watching closely.”

Backing up his rhetoric behind the scenes, the Department of Health and Human Services (HHS) is quietly working on a new regulation to determine when insurance price increases are “unreasonable” and potentially prohibited by law.

The move may provide political cover heading into November’s elections as the President tries to keep the public from linking recent premium hikes to his newly-passed health care law.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: health; hikes; insurance; obama; premium; pricecontrols
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The second coming of Richard Nixon, without the brains
1 posted on 06/23/2010 9:55:43 AM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping


2 posted on 06/23/2010 9:56:20 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

No...he’s trying to cover his ass before the election. He knows once prices start to go higher him and the ‘Rats are going to sink lower.


3 posted on 06/23/2010 9:58:36 AM PDT by rightwingextremist1776
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To: Nachum

The surest way to create a shortage of any commodity is to institute price controls.

Idiot libtards....


4 posted on 06/23/2010 9:58:59 AM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: Nachum

“....President Obama warned companies facing higher costs in part because of his health care law not to hike their prices, saying “we’ll be watching closely.””

::::::::::::

Yes, you will not interfere with my plan to force insurance companies out of business so my single-payer socialized medical control will become the “medical God”....


5 posted on 06/23/2010 10:00:05 AM PDT by EagleUSA
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To: Nachum

Hey dumb ass commie. Do you know what insurance companies are? They are entities composed of willing investors who risk their own capital with the goal of showing profit from their risk. If you mandate losses under all circumstances guess what will happen?


6 posted on 06/23/2010 10:00:46 AM PDT by ElkGroveDan (Now can we forget about that old rum-runner Joe Kennedy and his progeny of philandering drunks?)
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To: Nachum

Just part of the strategy to bankrupt the private insurance companies and force the government option for everyone. The government requires companies to insure people with pre-existing conditions, removes the lifetime cap on illnesses, and allows “children” up to 26 to remain on their parents’ plan. Yet, they expect no impact on premiums or at least that is their story.


7 posted on 06/23/2010 10:00:46 AM PDT by kabar
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To: Nachum

The goal is to exterminate the private insurers.


8 posted on 06/23/2010 10:01:03 AM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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To: Nachum
The second coming of Richard Nixon, without the brains

D'OHbama.

He's gonna make Deval Patrick up in Taxachusetts look smart.

9 posted on 06/23/2010 10:05:24 AM PDT by an amused spectator (Watching the MSM with Obama is like watching Joslyn James with Tiger Woods)
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To: Nachum

The government is the cause, not the cure. With every leveraged crisis, Obama grabs more power! All the flinsy “checks and bsalances”, both Congressional and Judiciaal, must be replaced!


10 posted on 06/23/2010 10:06:23 AM PDT by Paperdoll ( On the cutting edge)
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To: FormerACLUmember

>The goal is to exterminate the private insurers.
The goal is to eliminate the private medical industry,
insurers, doctors, nurses, hospitals will all be government
run with union employees.


11 posted on 06/23/2010 10:09:14 AM PDT by updatedscreenname
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To: CSM

The whole system of gumerment health care is price control.
There will be a fixed budget for every sector of the health system.


12 posted on 06/23/2010 10:12:02 AM PDT by ChiMark
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To: CSM

The whole system of gumerment health care is price control.
There will be a fixed budget for every sector of the health system.


13 posted on 06/23/2010 10:12:08 AM PDT by ChiMark
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To: Nachum
price controls... wow this idiot REALLY IS CARTER II !

as soon as price controls are implemented... rationing will be soon to follow.

14 posted on 06/23/2010 10:12:48 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: Nachum

Price controls?

Oh boy. he is DETERMINED to ruin the private healthcare industry in America, isn’t he?


15 posted on 06/23/2010 10:13:49 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: Nachum

Price controls?

Oh boy. he is DETERMINED to ruin the private healthcare industry in America, isn’t he?


16 posted on 06/23/2010 10:14:00 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: Nachum

Price controls?

Oh boy. he is DETERMINED to ruin the private healthcare industry in America, isn’t he?


17 posted on 06/23/2010 10:14:08 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: Nachum

Price controls?

Oh boy. he is DETERMINED to ruin the private healthcare industry in America, isn’t he?


18 posted on 06/23/2010 10:14:15 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: silverleaf

“Hell bent”, works better for me.


19 posted on 06/23/2010 10:15:32 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: CSM
The surest way to create a shortage of any commodity is to institute price controls.

Correct. Can you say "health care rationing"? Can you say "death panels"?

20 posted on 06/23/2010 10:18:08 AM PDT by matt1234 (The only crisis 0bama can manage is one he intentionally created.)
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