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September 21, 2004

New Article Reportedly Confirms Earlier Findings Regarding Government Price Controls for Insurance

A recent report produced by Milliman Inc. has reportedly confirmed findings from its earlier study regarding California's Proposition 103, which instituted a system of rigid price regulation for insurance products.

The new paper, Revisiting the Lingering Myths About Proposition 103, concludes that the kind of stringent rate regulation mandated by Prop. 103 does not provide benefits to consumers in the form of lower insurance rates.

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Posted by Tom Troceen