The Answer to Obamacare's Exploding Costs

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Obamacare is racking up expenses, in particular, with the creation of insurance exchanges. In this video, David Williamson looks at this feature of Obamacare, and a possible free market solution. The problem is that these exchanges are proving more expensive than originally thought, up to an estimated $5.7 billion for 2014. No wonder less than half of the states in the country have come on board. One solution is an online insurance exchange. A form of such an exchange already exists. Will it work for a nationwide insurance market? Hard to say. On the one hand, it could offer small businesses unprecedented access to insurance plans. On the other hand, an online market may simply offer those plans with the best commissions and not the best deals. 

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The article The Answer to Obamacare's Exploding Costs originally appeared on Fool.com.

David Williamson has no position in any stocks mentioned. The Motley Fool recommends UnitedHealth Group and WellPoint. The Motley Fool owns shares of WellPoint. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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