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Some market: Obamacare's phony success

May 03. 2014 1:25AM

According to the federal government, 40,262 Granite Staters have signed up for a health insurance plan through the Obamacare exchange. "These numbers clearly demonstrate the value provided by the marketplace," said Lisa Kaplan Howe, policy director at New Hampshire Voices for Health, which promotes Obamacare. And there is that word again: marketplace.

There surely is great value in a marketplace. But for health insurance, New Hampshire does not have one. It has not had one for years, and Obamacare made that worse, not better.

Back in 1994, the state adopted a law that established "community rating," which forces insurers to base their rates on where people live, not on their actual risk of getting ill or injured.

The bill was the work of then-state Sen. Jeanne Shaheen. New Hampshire had more than 25 health insurers at the time.

More than 20 stopped doing business in the state after community rating became law.

Then came Obamacare, which created the online "marketplace," whose regulations were so burdensome that only a single insurer opted to participate. We went from having more than 25 choices to having one - all because politicians thought they could outsmart the market.

More than 40,000 Granite Staters signed up for insurance under Obamacare - which forces people to either buy insurance or pay a fine - six months after that same law caused the cancellation of 22,000 insurance plans in New Hampshire. Some market.

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