Obama now plans price controls!

The US President wants to revisit the economic idea of price controls—which failed when it was tried in the 1970s—this time in healthcare. He has proposed setting up a Health Insurance Rate Authority which would determine whether health-insurance companies are charging too much for coverage. 

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COMMENTS

Shadi Katyal

7 years ago

This article is typical misleading and that is what the neo conservative Republicans has been doing. Why not add the word Obama now plans health insurance price increase control? Which again will be misleading.
Obama does not want health insurance premiums to be rising 39% as is happening.He is trying to control such rises because of unemployment and economic crisis.
The President wants to cover almost everyone in health insurance which for most of Republican is an enigma ss they think it is leftist and socialism.

Crisis spreading; Moody's targets Japan

Ratings agency Moody’s said its outlook on Japan would move into the negative category if the world’s No.2 economy by GDP does not get more control over its debt. Moody’s had upped Japan’s domestic debt rating to Aa2 last May. Now, it may move the other way.

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China May Crash: Marc Faber

Investment guru Marc Faber says there's a 30% chance that China's “soft landing” will turn into a crash-and-burn, taking most commodities with it.

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