If insurance companies complain about Obamacare, they get sanctioned

Want to know how the Obammunists are responding to businesses who complain about having to raise helath care premiums on their employees (or drop coverage completely)?

From Yahoo News. (H/T Hot Air)

Excerpt:

President Barack Obama’s top health official on Thursday warned the insurance industry that the administration won’t tolerate blaming premium hikes on the new health overhaul law.

“There will be zero tolerance for this type of misinformation and unjustified rate increases,” Health and Human Services Secretary Kathleen Sebelius said in a letter to the insurance lobby.

“Simply stated, we will not stand idly by as insurers blame their premium hikes and increased profits on the requirement that they provide consumers with basic protections,” Sebelius said. She warned that bad actors may be excluded from new health insurance markets that will open in 2014 under the law. They’d lose out on a big pool of customers, as many as 30 million people nationwide.

This sort of shows the level of economic ignorance present in the current White House. They require more things to be covered, like pre-existing conditions and covering children until they are 26, and then they expect that there will be no “unjustified rate increases” in the cost of health care plans. Huh? You might as well put a bunch of zombies in charge of the country. Who doesn’t understand that if insurance companies have to cover more claims, then the cost of premiums will increase? It makes no sense that premiums would stay the same – the money has to come from somewhere!

Ed Morrisey writes:

Rarely have we heard a Cabinet official tell Americans to stay out of political debates at the risk of losing their businesses.  It points out the danger in having government run industries and holding a position where politicians can actually destroy a business out of spite.  It also demonstrates the thin skin of our current administration, where Hope and Change means keeping your mouth shut and pretending that everyone is happy while businesses slowly circle the drain.

This administration is the most anti-business administration in history. We’re losing jobs and wealth at a precipitous rate. They don’t know what they are doing, and their threats only scare businesses even more. It’s government by ignorant bullies.

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