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Saturday, October 17, 2009

Higher Insurance Rates, Coming Soon!

The Wall Street Journal once again points out the failure of a state (New York) to insure more people, give great choice in policies, and cut insurance costs through mandates and controls.

The insurance companies released their report saying that prices will go up about 20% if the Baucus Bill passes. But the WSJ article points out that New York's rates have doubled since the state decided that they should mandate coverage types, rates, etc.

So, since it's failed in New York the obvious thing to do is have the whole country try it, right?

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