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February 05, 2014
Evening (A Little East Coast Bias There) Tidbits And Open Thread
The GOP Officially Reduced To Farce:
House Republicans might have a new idea of what they could trade for a debt ceiling hike...restoration of military pension COLAs. You know the ones they, um, cut last month and Paul Ryan defended as necessary.
Obama Administration Has A Solution To The Problem Caused By All Their Health Insurance Rules....More Rules.
One of the few ways insurance companies can keep their costs down in the age of ObamaCare's mandated benefits is price control. And the way they can keep the price they pay for services down is by narrowing the networks they offer coverage in. If they say to a smaller group of doctors and hospitals, "we're going to funnel our customers to you, you have to cut us a big price break", they are going to get price deals.
Well people aren't enjoying paying more for lousy insurance AND having fewer provider options. Soooo...the geniuses in the administration are going to start reviewing the size and scope of provider networks offered by exchange complaint plans and if they don't like them, they will regulate increases. Which will lead to...increases in premiums.
It's almost as if the market will exert it's will no mater how many levels and dials the central planners insist they can twist and set to create the perfect system.
Metaphor Alert
After reading those two stories, check out the video of what happens to a cargo ship when it losses power and/or steering in a storm off a rocky coast.
Unlike the crew of the ship, I wouldn't expect a miraculous rescue by a courageous helicopter crew.
Bonus Stupidity:
posted by DrewM. at
05:49 PM
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