Death by Regulation

More

I've been pretty skeptical of the Amity Shlaes argument that regulatory uncertainty was the major culprit in prolonging the Great Depression.  Over time, however, in talking to banks and business people, I've become more convinced that it's at least a minor problem.  And this seems like a pretty clear cut case of death by regulation:  startup health insurer forced to shut down because of uncertainty surrounding health care reform.  According to the insurer, at least, they neither have the capital to handle the new requirements, nor have any prospect of raising it from the markets, where they've already tried and failed to get more investment.  Of course, I'm sure that many people will say that it was probably just a bad health insurer we didn't want anyway.

Jump to comments
Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

Get Today's Top Stories in Your Inbox (preview)

Sad Desk Lunch: Is This How You Want to Die?

How to avoid working through lunch, and diseases related to social isolation.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Where Time Comes From

The clocks that coordinate your cellphone, GPS, and more

Video

Computer Vision Syndrome and You

Save your eyes. Take breaks.

Video

What Happens in 60 Seconds

Quantifying human activity around the world

Writers

Up
Down

More in Business

Just In