A Tea Party member reaches for a pamphlet on the impact of ObamaCare. Photo: JESSICA RINALDI/Reuters/Corbis
He explains: "Until now there has been sort of a market — but one that…is riddled with problems. It was very hard for individuals to figure out what they were buying… Price and quality comparisons were near-impossible. Under these conditions the magic of the marketplace couldn't work — there really wasn't a proper market."
The main result of ObamaCare is that we have real market competition for health care insurance — something that didn't exist before.
Ironically, it's the Republican Party — the one that says it supports free markets — that continues to do anything possible to derail the law that seems to be making the market work.
On a related note, Bill Clinton — once dubbed the "secretary of explaining stuff" by President Obama for his ability to decipher wonky topics for a general audience — gave a great speech earlier this week to explain how ObamaCare actually works. It's definitely worth watching.
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