I'm not saying ACA is a success, at least not for the nation. It serves the interests of those who wrote it. My point here is that the major players in the insurance industry will use ACA to destroy competition and position themselves as ubiquitous rent-collectors in the health care market. We'll probably end up with two or three major health insurers whose profits will be protected by government.
I make it a point to emphasize this because when liberals hear about ACA killing off insurance companies, they take it differently than you might be. They see it as a sign of success, wrongly assuming that it will lead to single-payer. They are deluded. Everything about ACA was designed in reaction to the threat of single-payer, with the intent of avoiding it.
Well regulations by definition, reduce competition.
The way you wrote that, makes it sound like this was part of a grand scheme. I promise you, it was not.
You don't think the lobbyists took these kinds of dynamics into consideration? I promise you they did.
So, even without there being some 'grand intentional devious scheme'.... by it's very nature regulations benefit the big companies, and squash the small ones.
Absolutely true, but I also think it's very clear that big companies support and manipulate these regulations for that reason.
No, they do not. They were counting on the government making it a mandatory requirement to force people to buy insurance. That was their win. When this plan was shelved in favor of the insignificant tax penalty, most of them left the discussion with the Obama administration. You don't remember that? It happened in 2009, before they passed the bill.
The insurance lobby represents hundreds of insurance companies. If the companies knew they would be driving themselves out of business, to end up merged with two or three large companies, the other 90% of insurance companies would never support it.
And we're seeing that all over the place.
Why do big health insurance companies want to merge?
"As the nation’s top five health insurance companies jockey through merger proposals that could leave just three large companies at the top, a big question is, what does it mean for consumers – and the rest of the industry?"
You think that Anthem and Healthcare Select, would actively push these regulations and controls, knowing it would land them out of a job? Of course not.
Yet that is what is happening.
Again, there is very little evidence that large companies push most regulations knowing it will destroy themselves.