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News Link • Obama Administration

Obama Goes for Total Control of Healthcare

• EconomicPolicyJournal.com
 
Seeking to revive his stalled health-care legislation, President Barack Obama is proposing a new idea to address health costs, giving the federal government authority to block insurers from making premium rate increases, reports WSJ. Put simply, if I control what price your business can charge, I control your business. It's a lever even Archimedes would be impressed with. Point 2. Price controls don't work. The laws of supply and demand economics can not be overruled. A price set below the automatic supply and demand price will simply mean shortages. This is basic Econ 101 stuff. Only the clueless or a someone desirous of being a dictator would try to institute such controls.

1 Comments in Response to

Comment by Rocky Frisco
Entered on:

When will this lame fool give up on forcing his stupid ideas on us? Go back to your Kennel, fool.


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