Every government policy that subsidizes health care increases demand without increasing supply, causing prices to rise.
Thus, Medicare, Medicaid, the VA program and the ACA (“Obamacare”) have all made health care more expensive. In turn, the poor (who are sometimes mentioned as the supposed beneficiaries of such government programs) find medical care more and more expensive.
Now we learn that the only insurance co-op firm which made a profit from Obamacare last year (2014) is on track to LOSE MILLIONS this year. See here.
The firm, “Community Health Options” headquartered in Maine, plans to stop offering medical coverage in 2016. Already half of the 23 insurance co-ops which started up to serve Obamacare patients have collapsed. All are losing money.
Stay tuned!
