As part of the new spirit of comity which has defined American politics since the election of Barack Obama last November ushered in a “new kind of poiltics,” House Speaker Nancy Pelosi (of Obama’s political party) once again lashed out at health insurance companies:
House Speaker Nancy Pelosi, D-Calif., mounted a strong defense of a public plan at a news conference, contending that recent attacks from the health insurance industry should dispel any doubts about the need for it.
“Our House bill will have a public option,” Pelosi declared.
She referred to an industry-funded study that said insurance premiums would rise under the Senate Finance bill, and also referenced an insurance industry ad campaign targeted at seniors.
The speaker has been on the attack against health insurers for months, but the latest developments clearly strengthened her resolve to make them pay. She also said the House was considering adding to its health care bill a $6.7 billion annual fee on insurance companies that is part of the Senate Finance package.
Well, Nancy, if you’re going to “make them [the insurance companies] pay,” they’re going to have to get the money to foot your bill somewhere. And how do such companies make money? Got a clue, Madame Speaker? Let me help you out here. They get it from the premiums they charge. So, if you make ’em pay, they’re going to make us pay. And that means, insurance premiums will rise,
Sounds like one of those self-fulfilling prophecies of which we’ve heard tell.
Oh, and notice something else in the article quoted above (and the reason we include this article in our “Media Bias” category). Yep, that’s right, the AP described the study as “industry-funded.” When, however, you see a study which reaches a conclusion favored by the Democrats and authored by a left-wing think tank, they tend not to identify it as such. Only studies they want to discredit are so labeled.
They’ll just dismiss the study as “industry-funded” without considering its actual merits. But, then again, it doesn’t seem to be in the AP’s interest to consider the merits of an argument at odds with the policies its editors seek to advance.
Given that Mrs. Pelosi’s latest statement indicates she doesn’t understand the fundamentals of a market economy, it might be a tad unfair to title this post, Pelosi Favors Increase in Insurance Premiums (as I had originally intended). While that, to be sure, would be the effect of her “resolve to make them pay,” she’s so clueless as to the way private industry works, she’s clearly blind to the effects of her schemes.
So, I decided to focus on her cluelessness instead. I do hope you understand.