ACA Revisionism
Obamacare Invictus?
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  • Nick Bidler

    If only the U.S. could negotiate prices like assorted European countries.

    But then, a monopsony (I think that’s right) is just as good as a monopoly when you’re the one that isn’t on the recieving end.

    • Andrew Allison

      Not quite. In a monopoly, the seller sets the price; in a monopsony (in your example, single-payer insurance), the buyer sets the price. I emphasize that in the case of single-payer healthcare, the recipient of the services is not the buyer, but the recipient of services purchased by the state. The situation in the private insurance market is different in that individuals buy insurance from one of many sellers who individually negotiate reimbursement rates with individual service providers. Hence the lack of transparency in pricing.

  • Andrew Allison

    The GOP must be hoping that the Democrats take Obama’s advice. By the time the mid-terms roll around, we’ll know both how many people actually enrolled, i.e., paid a premium, and what next year’s rates are going to be. We may even what the impact of the employer mandate is going to be. As to, “. . . any minor success look like a triumph”, I guess we’ll find out if and when there is one, as opposed to wishful thinking.

  • Breif2

    The soft bigotry of low expectations alights on Obamacare? 🙂

    “Obamacare Invictus?”

    If so, vae victis.

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