In response to:

Insurance Exchanges Won't Work

restoreliberty Wrote: Jun 30, 2012 11:37 AM
Medicaid and Medicare are the leading driver of health costs. Private insurance plans carry all the cost burden of propping up the government welfare plans. It is that simple. The second problem is that only giving a tax credit to businesses there is no incentive for insurance companies to be competitive - they unlike the car insurance or home insurance industry do not have to compete for every single customer. When the insurance companies have to compete for every single customer you will see prices plummet.
william704 Wrote: Jul 01, 2012 1:32 PM
i think e obama care insurance will be like the auto insurance in most states which pre-convicts some ones driving abilities based on an average for the area and age of your group as to the accident rate. obamacare will also do this.
restoreliberty Wrote: Jun 30, 2012 11:39 AM
You homeowners insurance would skyrocket if they insurance companies only had to get the support of the HOA to say everyone in that neighborhood has to carry X brand. How competitive do you think those rates would be if they knew they had a locked in clientele that had no other choice.

In the aftermath of the Obamacare ruling, the proponents of Obamacare are touting “Insurance Exchanges” as one of the cost drivers to save people money. As a person who was on the board of an exchange, and has traded markets for twenty five years, I think I know a little bit about exchanges-or at least enough to analyze the government run exchanges for health insurance.

There is a lot wrong with the Obamacare bill. But one of the unique parts of the bill was the creation of exchanges for health insurance. However, these aren’t exchanges like you might be imagining.

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