Obama’s Promise of ‘Competition’ in Obamacare? Also False.

obamacarepinocchioHere’s what the President said in 2009:

My guiding principle is, and always has been, that consumers do better when there is choice and competition. That’s how the market works. Unfortunately, in 34 states, 75 percent of the insurance market is controlled by five or fewer companies. In Alabama, almost 90 percent is controlled by just one company. And without competition, the price of insurance goes up and quality goes down…

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