Yesterday, the White House issued one of those — eek! — regulations. As part of implementing the health reform law, our federal government established a new rule to stop profiteering by private health insurance companies.
As the AP reported, the regulation “calls for insurance companies to spend at least 80 cents of the premium dollar on medical care and quality. For employer plans covering more than 50 people, the requirement is 85 cents. Insurers that fall short of the mark will have to issue their customers a rebate.”
As this is a government regulation, I expected congressional Republicans to rip the White House for more “job-killing rules.” For creating more “uncertainty” that makes life impossible for businesses. For “not getting it” after voters “refudiated” big government liberalism on Election Day.
Yet, all I heard was silence.
Nothing about the new regulation from the RNC.
Nothing from Senate Minority Leader Mitch McConnell.
Nothing from incoming House Majority Whip Eric Cantor.
And today from the incoming House Speaker John Boehner, we do have a particularly strange news release attacking “Eight Months of ObamaCare” and calling for the law’s repeal, but doesn’t even mention this most recent action taken under the new health care law.
Could it be that highlighting a government crackdown on health insurance profiteering would only increase public support for the law?
Or could it be that the White House’s gradual phase-in of the regulations, “eased an uncertainty” among health insurance companies, according to the Associated Press, and prompted a rise in their stock prices?
Sen. McConnell and Reps. Boehner and Cantor have yet to offer an actual policy to create jobs. They generally claim their desire to extend the Bush tax cuts to multimillionaires and fight President’s regulations is their job strategy.
Yet they can’t muster an actual argument when an actual regulation is announced.
Either they are completely incompetent at fighting for what they believe. Or they don’t believe what they say.