Thursday, January 28, 2016

Delong implies Obamacare is unsustainable

Via Delong: The coming of ObamaCare makes any willingness on the part of antitrust authority to allow these mergers to go through extremely dangerous and destructive policy indeed.
The imposition of the individual mandate to purchase health insurance makes maintaining competition in health insurance markets significantly more important. Usually, the exercise of market power and the ability to easily collude implicitly or explicitly made possible by large market shares are curved by the possibility of exit. The "exit the market and buy something else" option for consumers is the one competitor that the firm cannot acquire and merge with. It is the one competitor with which the firm cannot collude, implicitly or explicitly.

Well, Brad,you friggen idiot, if moar anti-trust is essential for Obamacare, then you have been  lying about the program for five years.    When you said DC can control costs under the current Obamacare, you were lying, that was not true. What you are stating, in  simple terms, Kanosians are known fraudsters, which you now acknowledge. 

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