Obama's false claims on savings in New York

It's time to start on this blog again. I've just been too busy most of the last year on other projects, including serving as President of a service club, to devote any time to the blog. However, that project is winding down, and the Obama administration provides more and more examples of disastrous regulatory policies.

I will ease into this by simply bringing attention to an excellent Wall Street Journal editorial today about the Obama administration's misleading claim that insurance premiums for New Yorkers will actually be reduced by 50%, compared to last year.  This may be correct, but the reason is that New York insurance rates are so heavily regulated that Obama care will actually deregulate some of the rates.  20 years ago, New York adopted regulations for "community rating" which eliminated the ability of insurance companies to adjust rates on basis of the risk presented by individual insurance candidates. As a result, New York rates are so absurdly high that there is almost no personal insurance market. Under Obamacare, the administration is proposing to transfer much of the New York system to the other 49 states, resulting in increased premiums for individual medical insurance all over the country.