Tuesday, November 12, 2013

Obama's Promise of "Competition" in Obamacare: Also False

Obama's Promise of "Competition" in Obamacare: Also False:
"Here’s what the President said in 2009:
My guiding principle is, and always has been, that consumers do better when there is choice and competition. That’s how the market works. Unfortunately, in 34 states, 75 percent of the insurance market is controlled by five or fewer companies. In Alabama, almost 90 percent is controlled by just one company. And without competition, the price of insurance goes up and quality goes down.
Heritage expert Alyene Senger has bad news for President Obama: Obamacare did absolutely nothing to fix that.
“In the vast majority of states, the number of insurers competing in the state’s exchange is actually less than the number of carriers that previously sold individual market policies in the state,” "
The result: In more than half of the counties in the U.S., people have only one or two insurance carriers offering coverage on their exchanges.

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