The administration’s rollout plans for their perfect ObamaCare timeline just keep getting punctuated with flaws and delays, from Sebelius oh-so-casually admitting that the overhaul is causing some insurance premiums to rise, to Congressional Democrats’ buyers’ remorse for the godawful medical device tax, to their recent decision to hold off on the promised small-business insurance-shopping option for a year. Whichever way you look at it, the telltale signs of bureaucratic incompetence are starting to peek through — and really, as Krauthammer outlined last night, how could it have gone otherwise? In a nutshell, ObamaCare basically dissolves the basic idea of insurance by requiring insurers to take on more risk and then slapping on arbitrary, government-dictated rates. When Democratic bureaucrats, in their infinite wisdom, have decided to try and remake one-sixth of the world’s biggest economy in their own image, it’s not going to go smoothly, and there are probably plenty of implosions still to come.
This is what happens when you have an administration that has the idea that it can reform, remake and completely re-regulate one sixth of the biggest economy on planet earth. I mean, I’m not surprised that the regulations are late and they are unclear. And they are also incredibly arbitrary. The waivers people get, thousands of them, who gets it? Who doesn’t? Somebody whom the government or the Democrats or liberals like? Somebody that is not liked? Are you going to get a waiver?
Look, when you take away the essence of insurance – insurance, you set a premium according to actuarial risk. So, if you are 60 your healthcare costs are six times what it is for a 20-year-old. So, your premiums are six times as much. But, the Congress in its wisdom has decided it should be three times instead of six. So once you do that you no longer have an insurance company. This is not insurance anymore. This is regulation, this is government dictated rates, like the electrical company and people are surprised that all of a sudden you have got all these things that aren’t working harmoniously as you would in a market.