Obamacare Works Better With Monopoly Insurers
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Jon Walker shows how monopoly insurers can and do exploit Obamacare's subsidy formula to drive up overall prices while simultaneously driving down costs to subsidized customers. This creates a bizarre situation where subsidized Obamacare users (which is the vast majority of Obamacare users) are better off in monopoly markets than competitive markets. For unsubsidized users, the reverse is true.