Dems back Prop. 45 medical insurance price controls
by John Seiler | July 14, 2014 5:58 pm
The 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[1], the initiative pits “trial lawyers and consumer groups against doctors and hospital groups.”
According to R Street[2], “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.
- Bee: http://www.sacbee.com/2014/07/14/6555363/democratic-party-leaders-endorse.html#mi_rss=Capitol%20Alert
- R Street: http://www.rstreet.org/2014/07/07/prop-45-an-internecine-fight-on-the-regulatory-left/
Source URL: https://calwatchdog.com/2014/07/14/dems-back-prop-45-medical-insurance-price-controls/