Monday, April 5, 2010

What Happens When the Government Intrudes on the Free Market

Stephen Spruiell writes on The Corner:

For the home page today, I wrote about what happened to Kentucky when, in the early 1990s, it enacted health-care regulations similar to the ones in Obamacare: insurance premiums skyrocketed, healthy people stopped buying insurance, and insurance companies exited the market in droves." The Boston Globe reports today, coincidentally, that the same thing is happening in Massachusetts, which enacted a version of Obamacare in 2006. . .

Read the whole thing, including his links. It's not long and it'll open your eyes.

Stay angry.

More later...

1 comment:

  1. Micro and macro economic models often operate on counter-intuitive and even contradictory principals (much like, to reference another post, how quantum physics and general relativity both work, and are completely contradictory).

    Leaving a state market and leaving a national market are two horses of very different colors. Especially with Europe in such a state. Just not a lot of room to go.