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Jon Walker — The ACA is Failing Because It Didn’t Account For Hospital Monopolies in Rural Areas

Summary:
The logic behind the design of the Affordable Care Act does not hold up well when faced with the reality of how markets actually work outside cities. ACA exchanges were built on the fundamental idea that competition between regulated private insurance companies would improve quality and hold down prices, but competition is lacking in most rural counties. That’s very unlikely to ever change.... The InterceptThe ACA is Failing Because It Didn’t Account For Hospital Monopolies in Rural Areas Jon Walker

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The logic behind the design of the Affordable Care Act does not hold up well when faced with the reality of how markets actually work outside cities. ACA exchanges were built on the fundamental idea that competition between regulated private insurance companies would improve quality and hold down prices, but competition is lacking in most rural counties. That’s very unlikely to ever change....
The Intercept
The ACA is Failing Because It Didn’t Account For Hospital Monopolies in Rural Areas
Jon Walker
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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