Under Obamacare, Competition Is Costly For Consumers

Under Obamacare, Competition Is Costly For Consumers

Obamacare has created issues in the insurance free market system making it harder for insurance companies to compete with each other. The way that the market is supposed to work is that as competition goes up, prices of the cheapest product go down. However, in order to compete with other insurance companies, insures are now having to lower the cost of their monthly plans. But to be able to make up for the cost, companies have to raise their yearly deductible, which means consumers have to pay more out of pocket. Either way, consumers lose out in one way or another, by either having to pay a higher deductible or not choosing a more expensive plan.

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