Re: Health Insurance Companies Seek Big Rate Increases for 2016
You realize that the only individuals with whom the private citizens are interacting under Obamacare (unless they are getting subsidies) are Private insurance companies, right? And because of this law, those insurance companies are now subjecting to additional requirements that make them more transparent, more competitive, provide more coverage and subjected to cost constraints.
Originally Posted by Fenton
The law was never proposed or discussed as a way to send healthcare spending in a negative direction, only to "reduce cost." If the cost of healthcare spending was going to go up by 5% and this law helped to ensure that increase was only 3%, then the law has reduced cost.