Hugonomics Comes to America

This is an opinion item.

Author(s)	A. Barton Hinkle
Source	Richmond Times-Dispatch
Date	May 1, 2012
URL	http://www2.timesdispatch.com/news/rtd-opinion/2012/may/01/tdopin02-hinkle-hugonomics-comes-to-america-ar-1880427/
Quote	Health-care reform forbids insurers to turn anyone down because of a pre-existing condition, and — if it survives Supreme Court review — will add millions to the rolls. It also imposes a series of expensive mandates that will drive up costs. At the same time, it seeks to keep insurers from adjusting to the new realities by raising prices too much. Where will all that lead? The historical evidence is not encouraging. In addition to Venezuela, one could cite New York City, where rent control has created a permanent housing shortage; or Zimbabwe ("Zimbabwe is facing serious food shortages due to price controls imposed earlier this month by the government," BBC) or Russia ("Price Controls on Gasoline in Russia Causing Shortages," Economic Policy Journal), or dozens of other examples.

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This item argues for the position Act should not have been passed on the topic Patient Protection and Affordable Care Act.