In the WSJ, Prof. Richard Epstein of the U. of Chicago Law School AND the Hoover Institution wrote this piece. "Harry Reid Turns Insurance Into a Public Utility", and tries to argue that it's a very bad move.
I have one counter-example: the electric rates in Plattsburgh, NY. Electricity is a public utility in Plattsburgh and the rate is about 4 cents per kilowatt hour. According to recent figures, the average for New York State is 19.74 (residential) and the average of the U.S. is 12.06, also residential.
Wednesday, December 23, 2009
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