We frequently hear that the cost of healthcare is increasing. But we rarely hear anyone define why despite the reason being so obvious: government intrusion. Neither Blue Cross Blue Shield, Aetna, Cigna, Humana, Medica, nor Anthem was ever on business programs complaining of the cost of healthcare. Instead, the mainstream media gave platforms to the representatives of Medicare and Medicaid, debt providers for taxpayers. Meanwhile, the Obama administration stopped the mergers of health insurance companies.
Attorney General Loretta Lynch said the deals “would leave much of the multi-trillion dollar health insurance industry in the hands of three mammoth insurance companies, drastically constricting competition in a number of key markets that tens of millions of Americans rely on to receive health care”.
So one has to ask anyone supporting single-payer health care: why would government control (socialized medicine) be work without any competition? In short, it wouldn’t.
Read moreCVS Aetna Merger Shows AMA Hypocrisy