Fearing that health insurance premiums may shoot up in the next few years, Senate Democrats laid a foundation on Tuesday for federal regulation of rates, four weeks after President Obama signed a law intended to rein in soaring health costs.
After a hearing on the issue, the chairman of the Senate health committee, Tom Harkin, Democrat of Iowa, said he intended to move this year on legislation that would “provide an important check on unjustified premiums.”That would be the same NYT who didn't report on the economic certainty of premium increases due to ObamaCare, because when it comes right down to it, they are just a mouthpiece of Our Dear Leaders.
Thus:
How to Nationalize Healthcare, in 6 easy steps.
Step 1: Mandate insurance coverage for all individuals.
Step 2: Require insurance companies to provide coverage to all individuals, regardless of health risks.
Step 3: Impose price ceilings to prevent insurance companies making a profit. Simultaneously demonize the insurance companies for their "cruel and heartless nature".
Step 4: Watch the insurance companies go bankrupt. Quickly.
Step 5: Gleefully introduce all formerly insured citizens to the government run health care exchanges.
Step 6: Profit! Or, you know, not. This is the government, after all.
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