Government mandating of prices

So riding to the rescue came DC Democrats – with Obamacare, and its fairy dust promises of lower prices.But if Obamacare was such a great idea – if it would make insurance so much cheaper and better – why would it include a mandate that everyone purchase it?A price floor can be set below the free-market equilibrium price.

The Federal Open Market Committee (FOMC) is firmly committed to fulfilling this statutory mandate.

Communicating this inflation goal clearly helps keep longer-term inflation expectations firmly anchored, thereby fostering price stability and moderate long-term interest rates and enhancing the FOMC's ability to promote maximum employment.

The maximum level of employment is largely determined by nonmonetary factors that affect the structure and dynamics of the job market.

Recognizing the unique characteristics of the New York health insurance market, DFS is determining how the program can be implemented in the long term to protect competition and the state’s consumers.

“We are greatly disappointed that the state did not address underlying problems with the risk adjustment program before the 2017 rates were enacted because we believe DFS has the authority to make the necessary changes,” said Alan J. “To protect New York’s small businesses and families against future rate hikes, action is needed now to resolve the program’s flawed methodology.” While the risk adjustment program was originally designed by the federal government to protect insurance companies enrolling a higher-risk population, it assesses the New York population as one of the sickest in the country despite overwhelming evidence to the contrary.

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