Yesterday the Daily Caller posted an article about the impact ObamaCare will have on competition in the healthcare insurance industry in North Carolina. As it is currently being implemented, ObamaCare will create a healthcare insurance monopoly in North Carolina.
The article reports:
“Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers (Congresswomen Renee Ellmers from North Carolina’s Second District) said Thursday following the disclosure of figures by federal health officials showing that more than 60 percent of North Carolina counties will have only one insurance provider option under Obamacare: Blue Cross Blue Shield.
We know from past experience that monopolies are not a good idea. This is another example of why ObamaCare needs to be stopped in its tracks before it does any more damage.