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Politics : View from the Center and Left
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To: Steve Lokness who wrote (133470)3/17/2010 5:04:46 PM
From: JohnM  Read Replies (2) of 542655
 
Steve, that seems to be such an obvious problem that I assume it's been addressed. Long term, I assume it's taken care of in the notion of the exchanges and some forms of insurance regulation. Short term, I really don't know.

You will recall Obama always argues that what compensates the insurance industry for these changes is the new customers from the mandate. He's obviously assuming they can't raise rates very much. My guess is there's some provision for both the short and the long term.

The other point on this point is that it's most likely the fear, among the insurance industry of the new rules without raising prices much that led them to do the quite unpolitic thing of raising rates at such an extraordinary pace.
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