4 ms·
ACA was designed to drive consolidation. Because large companies are easier for the government to control. Source - ACA author: http://www.wsj.com/articles/i-
by gleb 10y ago
ACA was designed to drive consolidation. Because large companies are easier for the government to control.
Source - ACA author: http://www.wsj.com/articles/i-was-wrong-about-obamacare-1469997311 http://www.wsj.com/articles/i-was-wrong-about-obamacare-1469... (How I Was Wrong About ObamaCare: The law’s drafters wanted consolidation)
Which why, all of a sudden, all the hospitals are buying each other, and insurance companies are buying each other.
It seems Aetna felt that the government didn't live up to its side of the bargain.
- burkaman 10y agoOk, but on its own that doesn't make sense as a business decision. Assuming they are profit-driven businesspeople, they either they thought their best option was to try and sabotage the ACA, or they really thought this would work as a negotiation tactic, which seems absurd.
- gleb 10y agoWhy does it seem absurd as a negotiation tactic? They use what leverage they have against the government.
- burkaman 10y agoI don't know, does this kind of thing usually work? I don't really know anything about this, but it just seems sort of obvious that Aetna is in a much weaker position than the US government and can't possibly strongarm them that easily. But I guess if the prospect of making the ACA look like a failure is part of the leverage then it makes more sense.
- deleted 10y ago[deleted]