Tuesday, August 18, 2015

The Self-Destroying Health Insurance "Business Model"

If you believe that the Left eats its own--and they do (see, e;g;. abortion)--then you'll understand why health-insurers are driving their greed-fueled clown-car off the cliff.

...healthcare costs are up. We feel it in our premiums, which were supposed to go down. This is happening because ObamaCare has utterly failed to control the insurance companies, which Obama told America would be held “accountable” under his health care law — another ObamaLie. One of the goals of ObamaCare was to create the so-called exchanges — in which insurance companies would compete for customers, who would be mandated to purchase their products. That competition was supposed to improve access to healthcare and contain healthcare costs.

It hasn’t worked out that way. One way insurance companies limit access by restricting the numbers of doctors and hospitals in a coverage network. Still, one could say, because competition, if you don’t like one insurance company’s plan, you could move on to another company’s plan. Not really. There is significantly less competition in the ObamaCare exchanges than was promised. This reached its comical climax in 2013 when only one insurance carrier offered up a plan under ObamaCare in New Hampshire. An option of one does not create competition.

This problem is guaranteed to become exponentially worse now that ObamaCare has reached its inevitable conclusion: Health insurance companies merging to corner the market and maximize profits. I’m all for profits and a free market. But ObamaCare is far from free market economics in action.

The insurance companies, of course, like where this is headed. Perhaps that’s why they appear to be all-in behind a Hillary Clinton presidency.

There's only one problem with that:  HHS will eat the last remaining insurance company for breakfast when the inevitable "single-payer" becomes operative.

But hey!  Bonuses are paid year-by-year, not decade-by-decade.  So eat, drink, and be merry.....

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