Originally Posted by KC_Lee
My point was RCN that the exchanges themselves should be run & managed by the private sector. Should the goverment have oversight & regulations of the exchanges? You bet, just like any other private company or entity.
However, the goverment managing and / or running the exchanges is not optimal in my opinion.
The private sector wasn't doing it. They would have never offered policies that covered pre-existing conditions or without lifetime caps if the government hadn't stepped in. There was also zero incentive for them to set up the exchanges as well. They have benefited from the opaque nature of their pricing and difficulty in comparing policies. Why would they have set up exchanges on their own?