Wednesday, October 30, 2013
Let the free market work...Wait, this is what free markets do?
I get the uproar over insurance companies cancelling policies after Obama's promise that you could keep your policy if you like it. It makes great sound bites and terrific rhetoric. The problem is that the folks doing the loudest groaning are also the folks screaming to let the free market work. Well, that's exactly what's happening. All of those cancelling insurance companies were given the option to be grandfathered into the new exchanges. In other words, folks could have kept their policies. The feds did not mandate that any insurance company cancel its policies. The insurance companies chose to do this of their own accord. In other words, the free market doing its thing.
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