President Obama is for choice and competition in the health-insurance market, as befits a champion of the free market, except when he isn’t. “My guiding principle is, and always has been,” he said in 2009 when he was trying to sell Obamacare, “that consumers do better when there is choice and competition. That’s how the market works. In Alabama, almost 90 percent of the market is controlled by just one company. And without competition, the price of insurance goes up and quality goes down.”
Who could argue with that? Given the rapid increases in health care costs over the past decades, that was music in the ears of the American voters. Everyone knows that when just one or two companies corner a market, they’ll skimp on quality and raise prices. Greed is the enemy of the free market.
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