Policy Briefs: Lanhee Chen On Competition in the Health Insurance Market

what we're seeing is acceleration in premiums and this has happened over the last couple of years it's gonna continue happening as we go forward fewer and fewer insurers want to sell Obamacare compliant policies because they lose money on there's no reason for them to sell policies if they're gonna lose money on it Obamacare included in it large pots of essentially payoffs for insurers to participate in Obamacare and what Republicans have said is basically no we're not gonna do this and so insurers have said okay well if we're not gonna get the money we're gonna have a very difficult time justifying why it is that

we're offering insurance at marketplaces we're gonna lose money so what you see here is planned competition has come way down in 2018 the number of counties where there is only one insurer went from about a thousand to over 1600 so what do we know competition goes down prices go up as well [Music] you