Henry Waxman insists that 2+2=5

The ramifications of the new health care legislation are being felt immediately, as many large companies are already making provisions of hundreds of millions of dollars to cover the new costs.

Rep. Henry Waxman, however, just can't believe that this wonderful new bill would require companies to do such a thing, so he has sent letters to executives of some of these companies demanding that they explain their accounting decisions. After all, Waxman writes, "The new law is designed to expand coverage and bring down costs, so your assertions are a matter of concern."

Wonderful. ObamaCare is driving up costs, but the Democrats can't afford the embarrassment of this fact being publicized because it runs counter to the narrative, so they're going to try to bully companies into foregoing the accounting entries that they need to make in order to properly provision for the increased expenses (or at least keep quiet about it). But none dare call this socialism (let alone fascism, which this kind of action more nearly resembles).

Update: Dan Riehl warns that we'll be seeing much more of the same.

Update II: Dennis the Peasant provides some interesting insights.