Yes, Obamacare Encourages Health Insurance Competition. It makes health insurance companies compete with each other to give the best and cheapest plans to consumers. Since plans are required to have preventive care, companies must find ways to offer consumers the lowest price, while still being able to make a profit.
It encourages competition, yes. That hasn't and likely will not translate to the across the board savings it allegedly was going to result in as no healthcare provider is willing to dip to reasonable prices in the interest of that competition, but they do have more incentive to try and undercut one another now to bring in customers.
Obamacare encourages health insurance companies competition. This is because of the fact that companies will have to compete to become the better option. The site in which you apply for Obamacare shows a clear and concise breakdown of various companies. Competition will be necessary to become the chosen company within the policy.
Yes, Obamacare encourages health insurance competition between insurers. Since insurers are required to insure just about everyone, they need to compete with each other for clients by offering fair prices. Under Obamacare, Americans should see more competitive coverage rates from most insurers, which is something they otherwise would not see.
Obama Care does allow for more competition in the health care world but it can be a bit misleading. When you hear more competition you often think of better prices and better care but that is not the case here. The companies that had a large part of the healthcare and were providing great service are now having their level of service reduced greatly.
Obamacare opens up health insurance options to millions of Americans. Some of these Americans have previously been denied health insurance because of pre-existing conditions. With these Americans now able to purchase health care, their business alone encourages competition for health insurance companies to get them on their plan. With so many options available in general, health insurance companies will have to stay competitive, or else people will move on to better options.
It is my belief that Obamacare encourages competition from health care companies. Each company will try to provide the lowest rates to customers to beat out the competition. Since everyone is required to have health care there will be fierce competition from health care companies to get the most costumers.