Comment Re:So what you're saying... (Score 1) 66
I would counter that those situations [oil industry, cable TV, health insurance] were created not in response to excess regulation, but rather in response to the general absence of regulation. I see no way that capitalism left to only its own devices would not create more situations like those.
I would counter that you could not possibly even begin to make the case that the situation with health insurance was in response to the general absence of regulation. That's just completely dishonest and stupid. HMOs, employer provision, lack of competition, and almost every other significant feature of health insurance today -- other than the basics: that it exists, that it covers medical expenses -- was directly driven by federal and state regulation, well before ObamaCare came along.
There is simply no doubt whatsoever that if these regulations did not exist, we would have much more competition, much more portability, and therefore, much lower prices for health insurance. No economist would disagree with this.