ObamaCare’s Tax on Taxes

Regulators are discussing how to write regulations governing ObamaCare’s rules on “medical-loss ratios” which restrict the operating flexibility of insurers. “Democrats prefer an extremely narrow definition, the better to hasten the conversion of insurance companies into public utilities. This political pressure is giving most state commissioners night sweats, because they’re responsible for preventing coverage disruptions and premium increases in the insurance markets they oversee. When the commissioners met last week in Seattle, they largely declined to endorse the medical loss restrictions that Democrats favor.”