HHS has issued a new regulation that indicates that any health insurance premium increases greater than 10% will be “thoroughly reviewed” by government regulators. What does “thoroughly reviewed” mean in practice? Surely it will mean that all available government pressure will be leveled against the health insurance companies that try to raise their rates. (Except those that are politcally well-connected.)
Whether this will this be a de facto price cap depends on how effective that government pressure is. The one thing we know for certain is that’s how they want it to function.
If they are able to institute a de facto price cap, that will take us down the glide path to single player that much faster. That too, we know is their end goal.
(Via Power Line.)
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