KingMidget's Ramblings

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The Sky is Falling


OK.  Maybe not.  Obamacare was going to ruin the world.  Yes, even poor children in Asia were going to suffer as a result of Obamacare.  Turns out that may not be the case.

California, which is further along in implementing the key piece of Obamacare — health exchanges — than just about any other state, released the rates people will pay for their health coverage through California’s exchange.  Shock of shocks.  Those rates, generally speaking, are lower than anticipated and lower than what employers pay for comparable coverage for their employees.

“Why?” you might ask.

It’s simple.  It’s competition.  It has been decades since there has been real competition in the health insurance market in this country.  The individual mandate and the establishment of health exchanges — what was once a Republican idea until Obama adopted it — creates a marketplace and competition for the first time.  As reported in the media, in California, that competition is driving the cost of health insurance down.  Some of the insurance providers asked for the opportunity to lower their rates after their original submissions.  Imagine that.  Makes you wonder why all those Republican states are so opposed to it.

Obamacare?  End of the world?  Maybe not.

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6 responses to “The Sky is Falling

  1. Deliberately Delicious May 24, 2013 at 8:56 pm

    No matter its shortcomings, I am always grateful for our Canadian healthcare system. I think it’s fascinating that the rates are lower than expected. And yet it makes perfect sense…

    • kingmidget May 24, 2013 at 9:29 pm

      Clearly you don’t recognize Canada’s shortcomings. It at least the ones conservatives would like to believe existed. I’ll never forget my brother’s experience in Italy. Stepson attacked by bedbugs. Infection. Thirty minutes in a clinic and they had seen a doc and had antibiotics. At no cost to them. Tourists. Non-citizens. No payment into Italy’s health care system. Would never happen here.

  2. Bastet May 25, 2013 at 4:39 am

    Yep…I’vehad three children umpteen bizillion sore throats, problems with gall stones and consiequent operation etc…plus the stuff my family has needed a doctor for and never, until recently paid a thing…recently we pay like 25 euro for x-rays…important meds are free and my husband and my grandkids under 10 still have everything free…and would you believe it, our doctors aren’t out begging in the streets.
    There’s no surprise that competition has forced insurance companies to lower their costs…the monopoly has broken down a bit.

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