September 17, 2015

OBAMACARE HEALTH CO-OPS: DOING ONLY MARGINALLY BETTER THAN OBAMA’S SYRIA POLICY.

Late last month, the Nevada Health Co-op became the third casualty among 23 insurance start-ups created under the federal health care law to inject competition for coverage in certain parts of the country.

Set up as nonprofits with consumer-led boards, the co-ops were designed to provide affordable insurance coverage to individuals and small businesses. They were intended under the law to offer alternatives — and hopefully cheaper prices — to the plans sold by large established insurance companies in some regions.

But as the new co-ops begin failing just a year into the effort to remake the health care industry with more competition and lower costs, the marketplace is proving hostile to newcomers trying to break into an industry dominated by powerfully entrenched businesses.

Hey, the demise of competition and the shoring-up of powerfully entrenched businesses was always what ObamaCare was about. The rest was just for the rubes.

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