Tyler Cowen on Political Extortion

There is talk of repealing the antitrust exemption enjoyed by the insurance industry. Whether the exemption is a good idea or not, I do not know. The relevant event is that the insurance industry seems to have turned against Obama’s health care reform. Everyone who cares about American democracy and rule of law should be complaining about Harry Reid, Patrick Leahy and their allies in this move. So far I don’t hear the outcry.

Posted at Marginal Revolution.

Comments (4)

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  1. Ken says:

    Good point. Especially considering that the insurance companies have been negotiating in good faith while the Administration and Pelosi et. al. have been demogoguing them — calling them evil, selfish and trashing them on a daily basis.

  2. Brian W. says:

    Is this the Democrats’ attempt at knee-capping the insurance agency?

    Next thing you know, the White House will start mailing dead fish to insurance executives.

  3. Bret says:

    These guys are acting like the mafia.

  4. Lisa says:

    The insurance companies have been negotiating in good faith??? Ken, I hope you didn’t have a straight face when you wrote that. Unbelieveable. Why are you worried about them I can guarantee that if you lost your coverage, they would not care about you. Please look at this link and if you still have sympathy for these companies, then you either work for them or you are stupid.