The number of health insurance companies joining the healthcare exchanges is increasing. A number of companies who didn’t participate in the exchanges during the first enrollment period last year have changed their minds. This is partly because the first year’s enrollment in the exchanges exceeded expectations.
In New Hampshire, the number of Obamacare insurers is rising from one to five, from 13 to 18 in Michigan, and from six to ten in Illinois.
But the great news is that prices for health insurance on the exchanges is lower than for companies not on the exchanges. So with more companies joining the exchanges, we can expect price competition to continue and even increase.
So, the ACA has increased the number of people with health insurance, and has lowered costs.
The GOP has vowed to use the healthcare law against the Democrats in the upcoming midterm elections. When asked for comment, Republicans responded “Benghazi!”.
2 Comments
You’ve only just proven that the government had regulations in place that prohibited competition before Obamacare and that Obamcare undid some of those regulations.
That’s not a bonus for Obamacare. It only proves we should get government out of the health care business. After all, if you want to argue that competition is GOOD, imagine how much more competition we’ll have without Obamacare.
NOT, you contradict yourself. First you praise Obamacare because it “undid some of those regulations”. Then you say that is “not a bonus for Obamacare”. Which is it?
Frankly, I’m tired of people like you who claim that all governmental regulation is bad and should be eliminated. What about the laws and regulations that prohibit monopolies? If you think we would have more competition without those, you are delusional.
Don’t get me wrong, I think there are plenty of bad laws and regulations that need to be eliminated. But saying that we need to eliminate all laws and regulations that restrict businesses is idiotic.
Come back when you have something intelligent to say. Otherwise, move to Somalia where you can experience a complete lack of governmental regulations.
2 Trackbacks/Pingbacks
[…] Obamacare and the Free Market […]
[…] Obamacare and the Free Market […]