Now They Tell Us - Part 944

Carol Platt Liebau
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Posted: Apr 13, 2010 10:14 AM
Remember when Democrats sold ObamaCare on the basis that it would stop "outrageous" insurance rate hikes?

Not so much.  Reported in the LA Times this morning:

Public outrage over double-digit rate hikes for health insurance may have helped push President Obama's healthcare overhaul across the finish line, but the new law does not give regulators the power to block similar increases in the future.

And now, with some major companies already moving to boost premiums and others poised to follow suit, millions of Americans may feel an unexpected jolt in the pocketbook.

Nice, huh?  Feel better yet?