Avik Roy: Obamacare Mandates And Regulations Priced Healthy People Out Of Health Insurance
“Foundation for Research on Equal Opportunity” co-founder Avik Roy told FNC’s Will Cain what “Obamacare” did to the health insurance markets:
WILL CAIN, FOX NEWS: Tell me what went wrong with Obamacare. AVIK ROY: The bottom line is its regulations. Obamacare created a nationwide one-size-fits-all set of regulations for that kind of insurance you mentioned, which people buy on their own outside of an employer or the government. And the two things ObamaCare did that broke the insurance market were: One, it overcharged healthy people who needed insurance to help fund the cost of insurance for sick people. And it overcharged young people to help fund the cost of insurance for sick people. So young people paid double, triple, quadruple what they were paying before. And healthy people pay double, triple, quadruple what they paid before. Those are the people who were particularly harmed by Obamacare, who dropped out of the market, who can’t find affordable coverage, unless they get those subsidies. The end result is, if only sicker and older people buy insurance, the price goes through the roof.
