Barack Obama will unveil his additions to the health care takeover plan he hopes to ram through before the next election. The New York Times reports:
President Obama will propose on Monday giving the federal government new power to block excessive rate increases by health insurance companies, as he rolls out comprehensive legislation to revamp the nation’s health care system, White House officials said.
This is an interesting concept that involves more government involvement in private industry so we need to add something to the plan.
The insurance companies have to be given power to block excessive tax increases by the US government.
Turn about is fair play and it seems that if government is going to regulate private business then it is only fair to have private business regulate government.
You see, the government does not like the idea of insurance companies raising rates to cover costs but has no problem raising taxes to cover its costs, many of which are unnecessary or wasteful. If we had reform that took away some of the things that cause insurance increases, many of which are the result of government rules, then the costs would go down.
Obama might be on to something. But instead of harassing insurance companies he needs to channel his energy toward government and its oppressive tax scheme.
Unfortunately he will not see this because he is interested in government involvement in all aspects of the private sector and our lives.
[tip]If you enjoy what you read consider signing up to receive email notification of new posts. There are several options in the sidebar and I am sure you can find one that suits you. If you prefer, consider adding this site to your favorite feed reader. If you receive emails and wish to stop them follow the instructions included in the email.[/tip]