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.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- What the collapse of the Ming Dynasty can tell us about American decline
- Why is American internet so slow?
- Colorado’s new ‘drive high, get a DUI’ commercials are actually pretty clever
- 10 things you need to know today: March 10, 2014
- 7 ways to be the most interesting person in any room
- Why is it so expensive to build a bridge in America?
- What would a U.S.-Russia war look like?
- The GOP must try to win over African Americans
- 22 TV shows to watch in 2014
- Who are the real gay marriage bigots?
Subscribe to the Week