Monday, March 8, 2010

Pick Any Two...

There's an old maxim that goes "you can have it fast, you can have it good, you can have it cheap. Pick any two."

Reason I bring this up is this quote from Suzanne Kosmas (D-FL) regarding her (probable) "no" vote on ReidCare:

"(W)e should hold insurance companies accountable by preventing them from denying coverage based on preexisting conditions, by eliminating life-time caps on coverage, and by taking steps to lower premiums."

As we've pointed out, ad nauseum, immediately covering pre-existing conditions and removing the life-time caps on benefits has the immediate and direct result of increasing premiums. This is just simple economics: increasing the demand for something (health care) without increasing the supply always increases the cost.

Why am I not surprised that a CongressCritter fails Econ 101?

[Hat Tip: Ace of Spades]

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