Maybe some people are OK with this, but I’m going to continue to point out government regulation of private business results in higher prices. When government mandates a specific service, do you think that the business will just cover the extra cost? It does not work that way, and those flying on Air Canada and WestJet will soon be seeing price increases as a result of a recent Supreme Court ruling.
Canada’s two largest airlines must give disabled and morbidly obese passengers an extra free seat on domestic flights, beginning in January, after the Supreme Court refused yesterday to consider the carriers’ appeal of a federal order.
To be up front about the costs, the Canadian Transportation Agency says the mandate would result in fare increases of less than $1 per seat, but that is not really the point.
Where does the regulation stop?
There are plenty of other government mandates that simply raise the prices that we pay for goods and services including minimum wage increases, higher business taxes, higher property taxes and environmental regulations.
Think about that during your companies open enrollment period this year. Wondering why your health insurance premiums are going up? Take a close look at government mandates and new required coverages demanded of health insurance companies.