Friday, May 24, 2013

Stunning Fact: Competition On Health Insurance Exchanges In California & Oregon Driving Down Premium Prices By Nearly 50%

Competition works in the electricity generation industry.  And competition is driving way down the prices for health insurance on the Insurance Exchanges established in California and Oregon.

Before President Obama embraced competition through insurance exchanges, the purchase mandate, and "premium support" for low-income buyers, many conservatives embraced those ideas and pushed for health reform similar to what California and Oregon are now doing.  If competition for private insurance pushes prices down 50% below what was expected, does it really matter that President Obama is a supporter of the ideas that produced that result? 

It is too early to tell whether or not the Affordable Health Care Act will work.  Real doubts exist. But perhaps these ideas will work and command broad support once again.

Unlike California and Oregon, Governor Corbett refused to establish competitive insurance exchanges in Pennsylvania and instead left that job to the federal government to do it for us. Terrible decision.

1 comment:

  1. Very informative article, I am interested in how it will effect the california health insurance quotes in the start of the new year.