Obama’s Foolish Obamacare Compromise

President Barack Obama is trying to make up for an exceedingly dumb promise with a moderately dumb compromise. For many people who have lost their old insurance policies, his offer may be no help at all.

When Americans first began complaining last month that the Affordable Care Act meant the cancellation of insurance plans that didn’t meet the law’s coverage requirements, Obama responded that the new plans available under the law were better than what they lost. He argued that tough regulations in the individual insurance market were in everybody’s interest.