Why is health insurance so expensive that the poor cannot afford it? The Left believes this is a failure of the free market, with greedy health-insurance companies callously pricing their product out of reach, and slapping exorbitant premiums on anyone who isn’t the picture of health. The true answer is that government is primarily responsible for distortions in the health insurance market, dating back to the wage controls that made it commonplace for employers to offer health benefits as a means of attracting skilled employees.
(2 years ago)
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