I’ve been using “That Means It’s Working™” as an unfunny punchline to some of these ♡bamaCare!!! fails, but parody inevitably falls short of reality in the Age of Obama. Charlie Spiering has the story:
Are you startled by the news that insurance companies are planning health insurance rate hikes of 10 percent or more in 37 states? Well that news, according to the White House, is one of the signs that Obamacare is working.
White House Press Secretary Josh Earnest explained to reporters that, thanks to Obamacare requirements, insurance companies are forced to report publicly any proposed rate hikes exceeding 10 percent for the coming period. State insurance regulators, he explained, would then conduct a review of the rate increases.
Because these rate increases are now public, Earnest appeared optimistic that the proposed rate increases would not ultimately stand.
“The result typically has been that after that state review is conducted, that insurance companies would slash their rates,” he explained.
And if the insurance companies end up going broke because they couldn’t get permission to not lose money? Why, That Means It’s Working™, too!