Monday, February 22, 2010

Sleep In, Mr. President

The problem with getting up early is that you sometimes have nothing to do. Then, you might have to find something to do in order to look busy. That problem seems to be plaguing our President. To wit, this morning the President, fresh from sleep no doubt, announced his new plan to put ceilings on insurance rates. He should have slept in.

Imagine, that the government put a ceiling on what you could make? Would that call forth better effort on your part? Would you then rededicate yourself to providing a better product now that you know that the government can decide, at its whim, to limit what you can make by producing a product?

The problem with our health insurance industry is that there are already too many laws on the books at the state level and at the federal level dictating what heath insurance companies can do or not do. As a result, many of these companies have simply left the business, thereby reducing competition and providing fewer and fewer good insurance plans at ever increasing rates. Is there something here that isn't perfectly predictable?

Go back to sleep Mr. President. That might be the best thing you can do to improve heath insurance coverage. All of your other ideas are bad dreams that will become nightmares for ordinary Americans.

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