Wednesday, December 23, 2009

THIS ISN'T NECESSARILY A BAD THING

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.

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