No ObamaCare premium increases in 14 Nevada counties due to central plannig

The bad news for those who live in Clark, Carson City and Nye counties is that companies offering ObamaCare-compliant health insurance policies have requested 38 percent premium increases. The good news for those in the rest of Nevada is that their ObamaCare premiums will not be going up because there are no companies offering such policies.

In pulling out of those counties Anthem stated the “individual market remains volatile.” The company said that “planning and pricing for ACA-compliant health plans has become increasingly difficult due to a shrinking and deteriorating individual market, as well as continual changes and uncertainty in federal operations, rules and guidance, including cost-sharing reduction subsidies.”

As F.A. Hayek warned:

This is, perhaps, also the point where I should briefly mention the fact that the sort of knowledge with which I have been concerned is knowledge of the kind which by its nature cannot enter into statistics and therefore cannot be conveyed to any central authority in statistical form. The statistics which such a central authority would have to use would have to be arrived at precisely by abstracting from minor differences between the things, by lumping together, as resources of one kind, items which differ as regards location, quality, and other particulars, in a way which may be very significant for the specific decision. It follows from this that central planning based on statistical information by its nature cannot take direct account of these circumstances of time and place and that the central planner will have to find some way or other in which the decisions depending on them can be left to the “man on the spot.”

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9 comments on “No ObamaCare premium increases in 14 Nevada counties due to central plannig

  1. Rincon says:

    We agree. Obamacare sucks. Now show me an existing system that you feel works acceptably well and we can try that.

    Hayek’s words are vacuous garbage – his own opinion with no supporting evidence. According to his words, large companies can’t function efficiently either, since they almost all utilize some sort of central planning, a contention that does not pass the stink test.

  2. Bruce Feher says:

    Anything run by the government SUCKS! Hell, they can’t even run the Do Not Call List!

  3. deleted says:

    Everything private enterprise touches turns to bad. He’ll, they can’t even leave our air, water, and earth alone enough for it to be utilized by people.

  4. Rincon says:

    Anything run by OUR government sucks. The Australian government in particular, appears to be quite competent. Half the homes my wife’s parents looked at in the 1970’s did not have running hot water. Now, Australia’s standard of living surpasses ours by almost any measure. We could learn from them, but American arrogance prevents us from even considering the thought.

    Even our government might be a little better than your myopia allows. Let’s see…before government crash investigations, airlines were very unsafe. Before the FDIC and other government bodies, banks routinely failed, leaving many depositors penniless. Before the FDA, patent medicine companies and individuals frequently laced their products with radium and narcotics. Adulteration and processing of rotten food was common. Before the EPA, rivers caught fire, lakes were dead, and the air in some of our cities was translucent, millions of children suffered lead poisoning, and toxic waste was routinely dumped onto the ground or into rivers. Before the Department of Agriculture, farmers tore up sod willy nilly, leading to the dust storms of the 1920’s and 30’s. Before the advent of building codes, San Fransisco and Chicago burned to the ground. Before the advent of liability laws and the Bureau of Mines, black lung disease was rampant. Before antitrust legislation, monopolies and price gouging were common. Before the securities and Exchange Commission, we suffered the Great Depression. We haven’t had one since, although we had a Great Recession shortly after Conservatives (with the acquiescence of liberals) dismantled some of the reforms triggered by the Depression. Before several governmental and union interventions, working conditions were often unconscionable and pay scales were miniscule. Before seat belt legislation, the majority of citizens did not wear them, often because the cars didn’t have them.

    I could go on for hours, but the bottom line is that totally unregulated private enterprise isn’t so great either.

  5. Steve says:

    “Single Payer” is today’s Snake Oil! Offered by your kindly Democrat, traveling political salesm,,,er huckster!

  6. Rincon says:

    How profound.

  7. Steve says:

    Live the snark, love the snark, BE the SNARK!

    Oh, yeah…..

    I’m here all week, remember to tip your bartenders!

  8. Rincon says:

    Thank you. I thought a reply in kind was suitable.

  9. Steve says:

    It helps when the humor has a basis in fact!

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