by Harry Browne
May 2, 2002
The politicians are pushing to raise the cost of your health insurance again.
Of course, that’s not how they describe what they’re doing. They claim to be exercising compassion when they propose to force insurance companies to include mental illness in every health-insurance policy.
Politicians love to posture as friends of particular groups — women, children, and people suffering from a particular disease — by forcing insurance companies to cover some medical procedure that’s important to a target audience. But every time the government (state or federal) forces insurers to include another benefit in your policy, your premium has to go up.
So it isn’t surprising that over three decades the cost of health insurance has risen spectacularly.
Do You Need It?
Depending on the state you live in, your health insurance may be priced to include mandatory coverage of chiropractors, acupuncture, naturopathy, marriage counseling, abortions, drug abuse, alcoholism, treatments to stop smoking, cosmetic surgery, weight loss, wigs and other hairpieces, Christian Science practitioners, and dozens of other possibilities….
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