Dems back Prop. 45 medical insurance price controls

Dems back Prop. 45 medical insurance price controls

Obamacare, VA, May 26, 2014The Democratic Party just backed Proposition 45, which would give the state insurance commissioner vast new powers to regulate medical insurance rates. According to the Bee, the initiative pits “trial lawyers and consumer groups against doctors and hospital groups.”

According to R Street, “Such a system already exists in the property and casualty market as a result of the infamous and lamentable Proposition 103.”

The endorsement makes sense. If it passed, Prop. 14 will chase some health-insurance companies out of California because the price controls will make them unable to make a profit. That will cause many people to rush into Obamacare/Covered California, making it finally seem to be a “success.”

And the state will take one more step toward the single-payer, socialized medicine, Soviet-North Korean-style scheme Democrats have backed for decades.

 

3 comments

Write a comment
  1. Ulysses Uhaul
    Ulysses Uhaul 14 July, 2014, 21:59

    Great…..have price controls worked anywhere?

    Reply this comment

Write a Comment

Leave a Reply


Tags assigned to this article:
Covered CaliforniaJohn SeilerObamacareProp. 45

Related Articles

Liberal Wisconsin rebukes union power

June 5, 2012 By John Seiler Maybe it’s the cheese. Tonight Wisconsin, one of the country’s most liberal states, rebuked

Corporatist state takes over telecom

America really doesn’t have a free-market economy. Rather, it has a corporatist economy — that is, the union of state

Hollywood-Style Rail Pander

Katy Grimes: In the OMG category, I caught a 30 second commercial tonight on a local Sacramento television channel that