Krauthammer's Take: Employer Policy Cancelations

The administration’s 2010 prediction of forthcoming insurance policy cancelations for employers undermines President Obama’s defense that they did not foresee so many people losing their insurance policies, Charles Krauthammer said Monday night.

“[Obama] said ‘well, we didn’t really know this was going to happen, but it was a result of poor crafting of the law.’ Now, in fact, what it was is a result of the fundamental principle of the law,” Krauthammer said.

The principle of Obamacare, Krauthammer said, is to subsidize the uninsured by kicking people off of their plans and making them pay “excessively” for things they don’t need.

More