It’s not dead yet
Just when you think its safe to go about your life, the Adminstration proves yet again they are totally tone-deaf when it comes to their singular goal of controlling as much as they can.
President Barack Obama is making a fresh attempt to rescue his health care overhaul by proposing a measure that would allow the government to deny or roll back egregious insurance premium increases that infuriate consumers.
Just how can these idiots be so ignorant of basic economics? In my own business, I set prices to the customers based on several factors, such as cost of goods, labor time involved, how much profit I make, and try to make those prices as fair and competitive as I can.
If another entity required me to charge no more than $X.xx for a service, but costs me nearly that much to perform that service, then I will either not provide it, or do as few as possible while I concentrate on profitable things.
I know it’s a stretch, but lets take their stated goal of insuring as many Americans as possible at face value. Recently it was learned that on average, insurance companies operate at approximately 2% profit margin. It seems to me that adding 30 million new customers (or 10 million, or 47 million, we can’t seem to get that number straight) would be a good thing. But if the Government is going to legally restrict what can be charged for the services they provide, there is no incentive to provide that service. Indeed, it would actually have the opposite effect, likely resulting in more uninsured than ever.
Of course, we all know this is all acedemic anyway. We know the true goal is total control, and they will use any means and lies they need to get there.
UPDATE: Allahpundit weighs in on this as well.