Report: ACA Hikes Cost and Reduces Competition

FLASHBACK: “So just by pooling and creating competition so that insurers have to go after people’s business the way they go after a group plan, we have drastically reduced premiums and costs.” –President Barack Obama, making delusional remarks about the unACA at a CGI Obamacare forum, 9/24/2013.  (The abominable unACA exchange CGI engineered blew up on launch, one week later.)

Comment: Higher prices, less competition.

” “The limited insurer competition, in combination with the ACA’s benefit mandates and taxes, has drastically increased the cost of coverage since taking effect in 2014,” Sasse said.”

““Premiums and deductibles continue to rise in 2016,” he said.”

“Sasse said the health care law has “reduced choices for millions of Americans and moved the United States closer to European-style, centrally planned health care.” ”

“His 42-page report demonstrates that Obamacare’s health care insurance exchanges have not increased insurer competition nor consumer choice as originally promised by President Barack Obama, the senator said.”

“The 2016 exchanges are “significantly less competitive than the individual market was prior to the ACA’s implementation,” Sasse said.”

“Consumers in more than 36 percent of the nation’s counties have only one or two insurers to choose from on their health care exchange in 2016, he said.

Sasse: ACA has led to fewer choices
Don Walton, Lee Enterprises Updated Mar 14, 2016

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