Thursday, July 25, 2013

WSJ on the New York Model

WSJ: "Obama's New York Model"

They note:
The real news is that New York ruined its individual insurance market two decades ago by imposing the same regulations that ObamaCare is about to impose on every other state. If the Empire State's premiums do now fall, it will be because the Affordable Care Act partially deregulates New York insurance.
Incentives matter.  (Via Dr. Richard Amerling.)