skipro33
Thinks s/he gets paid by the post
That's a free market decision not a government effect. They chose to raise prices because they have something to hide behind. Have cake/eat same. Anybody who doesn't know business operates that way is..... well...unknowlegeable . Yes. Like it's always only just ONE thing. That's the ticket.
No, it's not a free market. When the government mandates you purchase a product from a private company, that if you don't you have broken the law and are found guilty and pay a fine for your law breaking, then it's not a free market.
I sure wish a product I manufactured was required by law for every living person in the nation to purchase or you are fined.
Here's where the business model of ACA fell apart;
It was calculated that IF everyone did indeed purchase the product, medical insurance, then the cost would go down. But not everyone did. Only the sick people did. The healthy people still chose not to. Why? Because the first years there wasn't a fine at all. Even now, the fine is only $700 for the whole year. A 20 to 30 something-year-old healthy single person is quoted a rate of around $700 a month for a medical insurance premium that barely covers the most catastrophic of medical claim. They figure it's simpler and cheaper to pay the $700 fine than to pay $700 a month on a premium that they'll likely never need. And since they usually don't have any savings, equity or other assets, it's not like they have anything to loose by doing so.
Without every person being covered by insurance, the coverage costs are not offset by the healthy for the sick and rates skyrocketed. What ever replaces ACA will have to address how everyone can be forced to sign up and how to enforce everyone to pay their premium.
I have my own personal (political) opinion of a free nation mandating it's citizens purchase a product from a private enterprise under threat of law. But political opinion is for other forums.