A persistent assertion from those hoping for the passage of ObamaCare is that government competition in the insurance market will lower costs. Not much is said about how this will come about, or why the massive Medicare and Medicaid programs haven’t already provided the cost lowering competition that ObamaCare will. The details of how government participation will increase competition remain vague, except to point out the obvious fact that if Uncle Sam is selling insurance it would represent one more outfit doing so. But there are already hundreds, if not thousands, of companies selling insurance. Presumably one more wouldn’t effect competition all that much.
Hoping for the Impossible
Hoping for the Impossible
Hoping for the Impossible
A persistent assertion from those hoping for the passage of ObamaCare is that government competition in the insurance market will lower costs. Not much is said about how this will come about, or why the massive Medicare and Medicaid programs haven’t already provided the cost lowering competition that ObamaCare will. The details of how government participation will increase competition remain vague, except to point out the obvious fact that if Uncle Sam is selling insurance it would represent one more outfit doing so. But there are already hundreds, if not thousands, of companies selling insurance. Presumably one more wouldn’t effect competition all that much.