As TPM noted back in March, what insurance companies choose to do after participating in or monitoring Obamacare’s first year should be one of the more telling signs about its long-term success. It’s important for a couple of reasons. First, more insurers should mean higher competition and lower prices. Second, though it’s a bit less tangible, is that insurers are going to be among the best judges of whether or not a market is working.
If private companies are betting their business on the market, that would suggest it is.