In my latest column for the American Spectator, I discuss the Faustian bargain made by the insurance industry with the White House. The former should have read the fine print before they agreed to spend hundreds of millions pimping Obamacare:
The latest attempt by the Obama administration to avoid the consequences of its inept implementation of the Affordable Care Act has been to issue yet another of its surprise edicts. The new HHS regulation, which was announced Thursday night, ‘significantly relaxed the rules of the federal health-care law for millions of consumers whose individual insurance policies have been canceled, saying they can buy bare-bones plans or entirely avoid a requirement that most Americans have health coverage.’
This is the second time the White House has double-crossed the health insurers in as many weeks:
This last minute movement of the goalpost comes on the heels of another HHS rule change, issued a week ago, that essentially forces insurers to provide retroactive, discounted coverage to the many Americans who are about to lose their insurance plans because of Obamacare. The insurers are not amused. The statement released by the President of America’s Health Insurance Plans was typical: ‘This latest rule change could cause significant instability in the marketplace and lead to further confusion and disruption for consumers.’
Neither the President nor his HHS Secretary has any legal right to make this rule change or the one they announced last week. But legality has never been a serious consideration for Obama or Commissar Sebelius. To read the rest of the column, click here.