Elizabeth Warren talks turkey about Obamacare’s perverse incentives

Two days before Thanksgiving, Sen.
Elizabeth Warren
(D-MA) 
sent a letter
 with her colleague Sen. Mike Braun (R-IN) asking the U.S. Department of Health and Human Services to investigate the impact of
Obamacare’s
medical loss ratio rules on insurer consolidation. 

It’s a striking, if tacit, admission of the law’s flaws by one of the nation’s leading progressives.

ARIZONA BORDER CROSSING CLOSES IN RESPONSE TO SURGE OF THOUSANDS OF ILLEGAL IMMIGRANTS

Obamacare’s 
medical loss ratio
 rules require insurers to spend 85% of the premiums they receive in the large-group market, and 80% in the individual and small-group markets, on beneficiaries’ medical claims. The intent was to cap insurers’ profits and spending on marketing and administration. Politicians could claim they were ensuring that consumers got good value for their premium dollars.

But these medical loss ratio rules…