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Politics Nothing goes with politics quite like crying and complaining, and we're a perfect example of that.

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Old 04-09-2010, 07:11 PM   #1
Boone & Crockett
 
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Default Get ready for no insurance plans available.

http://online.wsj.com/article/SB1000...805022028.html

Sorry, need to pay to read the rest however, for those who passed econ101 undestand price controls spell disaster for the majority. If you're not in, you're not in.

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This week it became impossible in Massachusetts for small businesses and individuals to buy health-care coverage after Governor Deval Patrick imposed price controls on premiums. Read on, because under ObamaCare this kind of political showdown will soon be coming to an insurance market near you.
The Massachusetts small-group market that serves about 800,000 residents shut down after Mr. Patrick kicked off his re-election campaign by presumptively rejecting about 90% of the premium increases the state's insurers had asked regulators to approve. Health costs have run off the rails since former GOP Governor Mitt Romney and Beacon Hill passed universal coverage ...
Life to come under Obama care.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”

Ronald Reagan: 'Everybody that is for abortion has already been born'

"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.

Last edited by Fieldmouse; 04-09-2010 at 07:31 PM.
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Old 04-09-2010, 07:29 PM   #2
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Reminds me of when the State of New Jerkey imposed caps and take all comers laws back in the late 80's to early 2000's. Guess what happened? Insurance companies bailed leaving the other ones left to fight and raise rates via court battles to survive. Of coarse the pull out was over a long period of time but non the less. So when they took away the cap the companies came back strong creating competition thus the lowest rates we have seen in 20 years.

Free market = competition = lower rates
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