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Politics : Formerly About Advanced Micro Devices
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To: zzpat who wrote (1062684)3/29/2018 1:35:00 PM
From: RetiredNow  Read Replies (1) of 1576669
 
yes, it did and those eliminations, while very kind, happen to be very expensive. Insurance is a statistical business. It is run by mathematicians and their ability to stay in business depends on those mathematical equations. When you legislate away their ability to make a profit, they either go out of business or they limit themselves to markets where they can make a profit. We have seen this in spades after the passage of ACA. Many large insurers pulled out of many major markets and limited the coverage they do provide to the legally mandated ones in the markets they stayed in, leaving many cities with few or no options.

ACA has had the perverse impact of reducing free market competition, which Econ 101 will tell you drives up prices. In addition, as you've added 30 million people to the coverage rolls and given free coverage to the 50% of Americans who don't work, those two things have also driven up prices for everyone else. And voila! We've seen exactly that. Prices for the 50% of Americans who work have skyrocketed to the point where many of them now can't afford insurance either. So ACA has taken a problem where 10% of Americans can't afford insurance and now made it a problem where 50-75% of Americans can't afford insurance. Way to go Socialists! You are brilliantly idiotic!

Ideology combined with an inability to understand mathematics is a lethal combination. It's why I very seldom agree with liberals on economic issues.
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