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October 29, 2004
Election Thoughts: Prop 72
Proposition 72, if passed, would create a state board of insurance, which would sell companies insurance, charging them a rate consistent with the number of employees a company has.
There is a right way to get universal insurance and a wrong way. This is a very, very wrong way. Wow, is this one bad...
Basically, it would kill off private medical insurance companies in favor of one large insurance board-- and mandate employers to pay for it all. This type reliance on state-run mega bureaucracy is exactly why communism failed. By mandating buy-in regardless of how well the program actually works, we’ll kill businesses in California...
To compound the folly of this idea, it is a change to the state Constitution, and would require another such amendment to get rid of it. Let’s not go there...
Posted by Andrew at October 29, 2004 09:14 PM
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