As a presidential candidate, Mr. Obama says people lack health insurance because "they can't afford it." He's right. But he is also partly responsible for why health insurance is too expensive. A long list of studies show that mandates like the ones Mr. Obama has championed drive up the cost of insurance for the very people priced out of coverage. Full Story »
Posted by Kaizar Campwala
The big white business journal uses an attack on Obama to echo insurance industry positions against being regulated. The insurance companies make money by refusing service and they try to maximize exclusions. Buyers think they are covered for medical, and then find out the fine print has screwed them. If insurers want to sell a variety of coverages, some of which include most of the exclusions, and fully inform customers of expected costs, ok. But this WSJ article is just trying to help insurance companies maximize their profits at the public expense by avoiding public regulation.
