We hate to say we told you so! In yesterday’s HOTLINE, we predicted that House Democrats would rally behind the health insurance lobby that has gotten rich off of Obamacare.
Right on cue, when the CEOs of the big insurers lined up in front of two congressional committees, the Democrats defended the status quo of neverending subsidies, supply restrictions, lack of competition and transparency, and out-of-control health care costs. These are the same pols who complain that Trump needs to do more to solve the affordability crisis.
The low point of the hearing was when the CEOs received this fawning welcome from New Jersey’s Frank Pallone, the top Democrat on the House Energy and Commerce Committee:
“I appreciate the opportunity to hear from the executives of our nation’s largest health insurance companies today. This is not your fault; this is the Republicans’ fault. It’s not your fault. Don’t let them drag you in here and blame you for what’s going on. It’s not your fault.”
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