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Episode 2566 CWSA 08/14/24
Real Coffee with Scott Adams
Price Caps Cripple Real Estate and Insurance
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Price caps have significantly harmed the insurance industry, resulting in a substantial number of companies leaving California and creating challenges for residents seeking affordable coverage for larger homes. The lack of access to insurance threatens the ability to live in the state, as individuals find themselves with no viable options and must ultimately leave if they secure no insurance. The management of price caps is criticized for lacking foresight, demonstrating adverse effects not only in insurance but also in sectors like pharmaceuticals, highlighting a need for accountability concerning such policies.
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