Crony Capitalism is a Feature (Not a Bug) of Obamacare

‘So a giant, rent-seeking insurance company is accused of having threatened to leave Obamacare’s health insurance ‘marketplace’ if the government didn’t approve its giant merger. If true, this would be the least surprising development in the past six years of Obamacare fiascos. Any giant regulatory scheme bringing together big business and big government inevitably leads to cronyism and corruption.
Not long after the Justice Department blocked Aetna’s merger with Humana, the company announced it would be scaling back participation in Affordable Care Act (ACA) exchanges. Now, Obamacare consumers in 11 states won’t be able to keep their insurance, even though, one imagines, they like their plans. But choices are getting scarcer by the year. Aetna is now one of about a dozen major insurance providers that have dropped completely out or scaled back participation in exchanges.’
Read more: Crony Capitalism is a Feature (Not a Bug) of Obamacare