Thursday, April 1, 2010
MassCare Bureaucrats Resorting to Price Controls
In what might be a preview of things to come, Massachusetts is resorting to price controls to keep insurance premiums in check. As anyone with any knowledge of economics will tell you this will squeeze insurer profits and force many out of the market, reducing supply and costing jobs at those insurers. For those that stay out of the market, they will try to make up for this reduced pricing power by becoming even more fascistic about their costs, making it harder for everyday people to get quality care. Nothing good will come from this.
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