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I think this is a naive approach. We could price cap anything. Homes in San Francisco for example. The result will be rationing and shortages. It won't solve th
by justinzollars 7y ago
I think this is a naive approach. We could price cap anything. Homes in San Francisco for example. The result will be rationing and shortages. It won't solve the fundamental problem. They key to bringing prices down is to remove barriers of entry. We need to flood the market with more insulin, or with my SF housing example flood the market with many more houses.
- rjmunro 7y agoThis isn't that sort of price cap, as far as I can see. It's a law for insurance companies saying that if you want to insure people in this state, you must cover the cost of insulin from your general insurance pool, not from the individuals who need it (except for the first $100 / month).
- vmchale 7y ago> They key to bringing prices down is to remove barriers of entry. [sic] Or just set price controls
- AJ007 7y ago* to bring advertised prices down. Those may be superseded by black market prices or augmented with lines and waiting lists.