The number of health insurance companies joining the healthcare exchanges is increasing. A number of companies who didn’t participate in the exchanges during the first enrollment period last year have changed their minds. This is partly because the first year’s enrollment in the exchanges exceeded expectations.
In New Hampshire, the number of Obamacare insurers is rising from one to five, from 13 to 18 in Michigan, and from six to ten in Illinois.
But the great news is that prices for health insurance on the exchanges is lower than for companies not on the exchanges. So with more companies joining the exchanges, we can expect price competition to continue and even increase.
So, the ACA has increased the number of people with health insurance, and has lowered costs.
The GOP has vowed to use the healthcare law against the Democrats in the upcoming midterm elections. When asked for comment, Republicans responded “Benghazi!”.