Tuesday, December 02, 2014

GAO: Largest Health Insurers Have Gotten Even Bigger Since Obamacare Passed

The Daily Caller reports:
Obamacare made it through Congress with top Democrats’ constant assertions that big, corporate insurance companies were the problem, but in the three years after the health-care law passed those insurers only got richer.

The three largest insurance companies held an average of 86 percent of all customers in the individual health insurance market in 2013, up from 83 percent in 2010, when Obamacare was passed, according to a report from the nonpartisan General Accountability Office.
Well, the insurance industry wrote the ObamaCare bill to make the market in health insurance less competitive.