Wednesday, March 10, 2010

Durbin: Of course premiums will still go up with ObamaCare

At Hot Air via Instapundit:
Not exactly a shocker, but Dick Durbin gives the nuanced explanation that they’re looking to slow down the rate of increases, not stop increases altogether. Unfortunately, that misrepresents what the CBO has already said about premiums under ObamaCare — and ignores what has already happened to premiums without it:

The truth is that premiums have gone up in part because of government intervention, not despite of it. Further government intervention will make the problem worse — and the CBO agreed in November. While some would see a price decrease, it would only be those who don’t currently have insurance:

Individual insurance premiums would increase by an average of 10 percent or more, according to an analysis of the Senate healthcare bill.

Read all of it-SP

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