Posted by Michael Wonder on 06 Jun 2017
Obamacare didn’t destroy insurance markets, but it also didn’t fix them
6 June 2017 - Most Americans get health insurance from a job or government program, but about 8 percent, or some 22 million people, now buy individual policies under the Affordable Care Act. Insurers began offering these plans in 2014.
Republican lawmakers and President Trump have criticized Obamacare, saying it took away people’s ability to choose their health plans and doctors, pointing to a recent exodus of insurers that could leave areas with a single insurer or none at all. Mr. Trump has insisted the markets are failing.
Supporters of the Affordable Care Act hoped the law would spur more competition among insurers across the country.
