You can regulate insurance but the downside is that very few insurance companies will conduct business in your state. The companies that are left won't be cheap.

Government price controls make the regulated goods or services more scarce. For example, rent controls in New York have not only made rental apartments harder to come by but when they are available they are in poor shape or the rents were super high before the controls took effect.

When a seller finds he or she cannot sell (or rent) a good or service at a profit due to price controls they do either one of two things: Either stop selling or lower the quality so a profit can be made.

A course in basic economics should be a prerequisite before running for political office so the politician will know what havoc will be wreaked by tampering with a market economy.

Apparently, many politicians in California would fail a course in economics.