INSURANCE INDUSTRY could take hit from birth control mandate. The "cost assurances" of the Obama administration are so much hogwash; despite their valiant spin, there is still no such thing as a free lunch.

The significant unanswered question, it seems to me, is what to do about those companies that self-insure. Can a large self-insured company whose owners are, say, devout Catholics also qualify for religious exemption? Or is the Obama exemption just so much window dressing?