Risk averse: State control affects insurance marketRegulations on health insurers have driven away insurers in other states such as South Dakota. Those insurers returned only when those bad laws were repealed.
Here's what happens when governments assume too much control of the property and casualty insurance market: Private insurers are driven out, leaving taxpayers as the insurers of last resort.
Here's what happens when governments assume too much control of the group health insurance market: Premium prices are driven up, leaving some citizens uninsured...
If we adopt such laws at the national level (as many universal health care advocates wish), then private health insurance may disappear altogether, leaving Americans with no choice but to rely on a government-run single-payer insurance system. When the government becomes the only health insurer, it has citizens by the throat and can take control over their lives in ways that private insurer would never dream of.
(Via Rob Abiera.)
