Democrats I know get furious when someone suggests that Democrats think money grows on trees. If they don't think money grows on trees, who did they think was going to pay for the costs of these new policies?Democrats front-loaded the legislation [ObamaCare] with early provisions they hoped would boost public support. Those include letting children stay on their parents' insurance policies until age 26, eliminating co-payments for preventive care and barring insurers from denying policies to children with pre-existing conditions, plus the elimination of the coverage caps.
Weeks before the election, insurance companies began telling state regulators it is those very provisions that are forcing them to increase their rates.
PREVIOUSLY on the subject of Obamanomics and how it differs from economics:
•Laws of Economics 1; Obama 0
•Why Liberal economics fails: redistribution does not create wealth (Illustrated)
•Obamacare endangers student health
•Why business isn't hiring
•Dodd-Frank finance "reform" bill stops bond market cold
•Why unemployment insurance must be extended (illustrated)
•Obamanomics still failing, Washington Post discovers
•Russia goes supply-side
•Study: Liberals are economically illiterate
•Obama's health care and economic policies explained
•Obama modeling US economy after Europe's
•Irresponsibility pays!
•Obamanomics prolonging the recession
•US Aaa bond rating threatened by Obama's budget says Moody's
•Obamanomics illustrated II
•How Dems are prolonging the recession
•How Obamanomics destroys jobs
•Obamanomics illustrated
•Deficits: Obama goes where no man has gone before (illustration)
•How to raise the standard of living
•Obama's anti-intellectual economic theory
•Obamanomics and the test of science
•Obamacare may raise insurance costs by 54%
•Harvard economist explains why Obamacare will raise premiums
•HHS says Obamacare will cause costs to go up and cause employers to drop coverage
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