California Death Spiral

For those of you who also read Paul Krugman’s NYT columns and blog, don’t worry too much about us over the article published here. The 39% increases seem to be part of the individual insurance market, and we’re insured through my corporation under a business policy. Since there are fewer business customers fleeing due to high insurance prices, we’re somewhat protected from this.

Nonetheless, we faced a 30% rise in our own premiums two years ago, so we’re not completely immune. Health care reform is essential — the current situation reminds me incredibly of Enron and the power outages created in California in 2001 to force the state to pay higher electric bills.

Remind me again why I’m such a strong free-market advocate?

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