Economics 101: Who didn’t see this coming?

Remember how we were told that the Patient Protection & Affordable Care Act would lower health insurance costs due to competition? From The Wall Street Journal:

For Many, Few Health-Plan Choices, High Premiums on Online Exchanges
Analysis Shows Americans in Poorer Counties Have Limited Options on Health-Care Exchanges
By Timothy W Martin and Christopher Weaver | Feb. 12, 2014 7:37 p.m. ET

Donnie McCrary, of Americus, Ga., is enrolled in health insurance that costs about $917 a month. His federal subsidy knocks it down to $182.65. Bryan Anselm for The Wall Street Journal.

Hundreds of thousands of Americans in poorer counties have few choices of health insurers and face high premiums through the online exchanges created by the health-care law, according to an analysis by The Wall Street Journal of offerings in 36 states.

Consumers in 515 counties, spread across 15 states, have only one insurer selling coverage through the online marketplaces, the Journal found. In more than 80% of those counties, the sole insurer is a local Blue Cross & Blue Shield plan. Residents of wealthier, more populated counties in the U.S. receive lower-priced choices than those living in counties with a single insurer.

The White House has said broad participation in the exchanges would help lower health-care costs. On Wednesday, the Obama administration reported about 3.3 million people have signed up for coverage through the online marketplace by January, an increase of more than one million since December, but still with fewer younger Americans than needed to keep down premiums.

Higher participation rates among young adults, as much as 40%, is seen as essential to balance out the higher costs of covering older people for insurers that are already limiting the counties where they offer coverage.

The average price for a 50-year-old American to obtain the cheapest midlevel “silver plan” through—the marketplace operated by the federal government—was $406 in counties with one health insurer, the Journal found. In counties with four insurers, the average price of the cheapest comparable silver plan was $329.

A lot more at the link. But, basically put, the article noted that major health insurers are in business to make money, and that they are taking the actions that they take with that goal in mind.

But, what interests me just as much is the caption that came with the article photograph. If Donnie McCrary is enrolled in health insurance that costs about $917.65 a month, but his federal subsidy knocks it down to $182.65, that means that the taxpayers — that’s you and me! — are paying $735.00 a month, or $8,820.00 per year, for Mr McCrary’s health insurance. Just how many Donnie McCrarys are there out here, and why should the federal government take money that I have worked for, take food off of my table, to pay Blue Cross/ Blue Shield to give Mr McCrary health insurance?

Everything we were were told by the Democrats concerning the PP&ACA was a lie, including “and” and “the.” We told everyone that, but it didn’t matter.

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