North Carolina has the only Rate Bureau system in the country that regulates auto insurance rates. The outmoded regulatory regime imposes a hidden fee on good auto drivers to subsidy the rates of more risky auto drivers. The issue has come up recently on several local TV stations, and most recently on ABC-affiliate WSOC in […]
This video segment, produced and aired by the ABC affiliate in Asheville, discusses a hidden fee on good driver premiums used to subsidize more risky drivers. This is another example of out-of-control regulations that hurt consumers.
In the realm of public policy, the most egregious form of tax comes from the imposition of hidden fees. For telecommunications services, the prime example of this are what are referred to as access charges. Access charges were once designed for telephone companies to recoup network costs by placing extra fees on long distance calls. […]