Rather than the Progressive/Liberal knee-jerk response of price controls, there's a much easier solution. Just revoke the insurance companies' antitrust exemption and let the competition help drive down the costs.
Love the fact that the reason the needed to increase prices was due to:
"it lost heavily on policies issued to participants in two state programs that required Anthem to cover people with pre-existing conditions and capped the premiums it could charge"
Sounds a lot like what's mandated by Obamacare doesn't it? Means that without significant price increases it's not affordable. And don't kid yourselves about the "mandate". Assuming it isn't struck down as unconstitutional (which I pray for every day), nobody in their right mind would buy insurance if they're relatively healthy - they'll just pay the modest penalty and when they get sick, they'll buy insurance.
Meanwhile, team Obama (although God willing, he won't be around in 2013), will be forced to start setting prices for services, etc. And folks, that's the first step towards single-payer and rationing. As health insurers flee markets in which they can no longer earn profits, and doctors stop seeing certain classes of patients, you'll end up with the Liberals' wet dream of European healthcare.
Stupid, stupid, stupid...
Monday, May 10, 2010
There's an easy fix...
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