The Following is a Statement from Steve Pociask, President and CEO for the American Consumer Institute: “I am appalled and disappointed that Indiana House members continue to push HB 1109 — an antimarket and anti-consumer bill. HB 1109 prevents beverage companies from market segmentation by requiring all retail stores be offered the same wholesale price, regardless of volume, […]
Today, ACI, along with 75 organizations and activists, sent a letter to Congress opposing Medicare-for-All legislation that includes provisions for the government to set prescription prices. The letter is available online.
With specialized training, Artificial Intelligence (AI) machines can scour a marketplace looking at prices and devising ways that all sellers could obtain higher prices, especially if the competitors acted collusively. Of course, AI is unaware of the ethical violation that arises from collusion until it is trained to avoid such behaviors. The scope of training […]
There has been some disagreement on how North Carolina’s auto insurance regulations affect consumers. Those favoring the current system say that it keeps auto insurance rates low, while opponents say that it is an arcane regulatory system that stifles competition and requires good drivers to pay a hidden tax so that riskier drivers can pay […]