Friday, February 25, 2011

The Ultimate Regulators

March 21, 2010

In her March 17 column, Ann Coulter said that if the hotel industry were regulated as heavily as the insurance industry, she would be explaining why the government doesn't need to mandate that hotels offer rooms with beds. If they didn't, they'd go out of business.

If insurance consumers had real choice, there wouldn't need to be government regulations against things like lifetime coverage caps or using pre-existing coverage clauses to fraudulently drop existing customers - insurance companies would quickly bow to the wishes of the consumer or quickly go out of business. All with no new gargantuan entitlements, thousands of new IRS employees or rationing of healthcare. In a free market, consumers are the ultimate regulators. With tools like consumer groups, a watchdog media and the internet, the American consumer is savvier and better informed than in any other time in history, and they are more interested and invested in their own protection than a Washington bureaucrat. And they don't cost the taxpayers anything.

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