Dems want to take competition out of insurance market

Thursday, September 29, 2016
 | 
Chris Woodward (OneNewsNow.com)

stethoscope and cashThe push for a public option or single-payer scheme for healthcare is alive and well, but critics say people are failing to take things into account.

Single payer is a healthcare system in which one entity - the government - collects fees and pays for healthcare. That's different from a public option, which is a government-created and controlled health benefit plan that Democrats want to offer to create competition among private insurers on the exchanges. 

Speaking of the exchanges, co-ops have collapsed and many insurers are again raising premiums. Some insurers will not offer coverage on many exchanges. Recently, Blue Cross Blue Shield of Tennessee announced it will not be offering ObamaCare exchange plans in Memphis, Nashville, and Knoxville next year. Blue Cross Blue Shield of Nebraska said it was exiting that state's entire exchange. BCBS cites financial losses for the decisions

Manning

"Everyone understands the ACA is a failure," says Hadley Heath Manning, director of health policy at Independent Women's Forum. "The question is: Why - and where do we go from here?"

Manning acknowledges that people on the left are pushing for a public option or single payer.

"Unfortunately, what they fail to realize is that the ultimate failure of the Affordable Care Act is that it doesn't foster market competition," she says. "When people have competition, when there is competition in these exchanges, that's when we can expect to see some downward pressure on price. But until that happens, we're headed in the opposite direction with insurance companies leaving the exchanges." 

In a related article for the Hill, Manning writes that a public option would do more bad than good for women, especially low-income women.

Consider Supporting Us?

The staff at Onenewsnow.com strives daily to bring you news from a biblical perspective. If you benefit from this platform and want others to know about it please consider a generous gift today.

MAKE A DONATION

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

$15/hour minimum wage – good for the economy or bad for the economy?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Iran's seizure of UK tanker in Gulf seen as escalation
Suspect in Japan anime studio arson reportedly had grudge
Besieged Puerto Rico governor goes quiet amid protests
Biden's son Hunter makes his 1st 2020 campaign appearance
Service resuming after 7 New York City subway lines stopped
US expands 'Remain in Mexico' policy
Oklahoma man accused of raping child in McDonald's bathroom
2020 Dems grapple with how to pay for 'Medicare for All'

LATEST FROM THE WEB

Michelle Obama seemingly swipes at Trump amid 'send her back' controversy
Liz Warren is stunned when a voter confronts her for claiming Native American heritage
Dems' border crisis hypocrisy exposed
Rachel Dolezal: Driven to blackface by anti-white racism
Forgiving student debt is a terrible idea

CARTOON OF THE DAY

Cartoon of the Day
NEXT STORY
10 reasons why AFA was right about Target

Target emblem with rainbowA family values organization has compiled a list of examples proving its concerns about a controversial Target policy.