I smell quid pro quo.
Two events occurred on May 21.
The Los Angeles Times reported the fact that the Obama administration (aka, Big Government) has cut a deal with AHIP (Big Insurance). (hat tip Matt Drudge, who picked up the story.)
In exchange for holding down premium increases next year, the administration has promised the insurance industry a bailout worth billions of taxpayer dollars if the insurance companies lose money in the process. The bailout is hidden in regulations that were issued a little over a week ago. Continue reading “Obama Administration Cuts Deal with Big Insurance (and others)”