"O-Care Premiums to Skyrocket"?

[Andylusion]

O-Care Premiums to Skyrocket

ObamaCare is not insurance. Therefore, it has no "premiums".

ObamaCare *IS* insurance. It is the government dictating the type and scope, and regulations controlling what insurance companies must cover.

The insurance that is coming out on the market right now, is the result of government imposing itself on the insurance markets through regulatory control. It is therefore, ObamaCare insurance.

 

[kaz]

Have you sought out professional help for your inability to comprehend cause and effect?

Inelastic market has runaway costs. Government steps in and mandates inelasticity. Inelasticity and runaway costs remain.

Is that supposed to make sense? Free markets are not inelastic, in fact, they are exactly the opposite of inelastic.

Demand for health insurance is relatively inelastic for a lot of reasons. Once people have insurance their demand for services is inelastic.

The market is inherently bad at controlling costs even before Obamacare. Obamacare basically confirmed the inelasticity that was already present.

Meanwhile you are going to the old conservitard standby, cry "free market" and derp away.

This word you keep using, "inelasticity, it does not mean what you think it means...