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Here’s How Free Market Competition Has Helped Patients « The Washington Independent

Jul 31, 2020
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As the Obama administration appearsever-more willing to accept a health reform plan absent a government-backed insurance option, it’s worth noting how well competition within the private insurance marketplace has kept plans affordable in recent years. And here’s a hint: it hasn’t.
In Virginia, insurance premiums have jumped 3.4 times faster than earnings since 2000, according to a report to be released tomorrow by Families USA, an advocate for health care consumers. The group is tracking similar trends in states coast to coast. North Dakota, for example, has seen insurance premiums jump 94 percent since 2000, while earnings have risen only 35 percent, the group found. In Florida, median incomes increased just 27 percent this decade while the cost of health coverage skyrocketed 98 percent. The list goes on.
“Quite simply, America’s families are being priced out of health coverage,” Families USA warns.
The White House has said that the reform model matters much less than its ultimate effectiveness in providing competition and reining in coverage costs. Families USA has made a good case why the task shouldn’t be left to the voluntary efforts of the for-profit companies.
Paolo Reyna

Paolo Reyna

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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies. Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most. In his free time, he loves to travel, watch films, read books, and socialize with friends.
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