How ObamaCare made the health care market work
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
- How my boyfriend and I learned to live on one income
- He said he was leaving. She ignored him.
- Affirmative action is doomed. Here's what progressives should do about it.
- 31 TV shows to watch in 2014
- Why the poor's investment of choice is so alarming
- Why conservatives see rural America as the 'real' America
- Why Texas Republicans may want to cool the anti-Obama land-grab talk
- Why atheism doesn't have the upper hand over religion
- Why China's Communist Party is headed for collapse
- Why you're probably drinking your beer all wrong
Subscribe to the Week