President Obama wants to institute price controls on health insurance premiums. This is the stupidest idea yet, in a long line of very stupid ideas. Price caps create shortages. (This is taught literally on the first day of Econ 101.) If you cap health insurance premiums, people will lose their insurance.
Of course, some are suggesting that that is the precisely the intent: to force people out of private plans and into the government plan.
(Via Michelle Malkin.)
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