In today’s special commentary for the Ft. Worth Star Telegram, Pociask fact-checks the current political rhetoric on Texas insurance price regulation. He finds that the facts don’t support today’s policy and their directions, and these pricing policies appear to be making consumers worse off. How is it that price regulation leads to the second highest rates in the country? Furthermore, he suggests that price regulation will eventually undermine solvency and the inability of insurers to pay claims. If claims can’t be paid, what then is the purpose of insurance?
To read the entire newspaper article, click here.