Will Obamacare force insurers to compete?

Forget the Obamacare "train wreck": The Obama administration thinks the Affordable Care Act is right on track. The key, they believe, is competition between insurers. More than 120 health insurance plans have applied to sell on the federally run health insurance exchange, according to a White House memo published Thursday. One-quarter of those applicants are new competitors in a state's individual insurance market. The federal government is also in the process of reviewing health insurers' applications to run multi-state plans that would, in 2014, sell insurance plans in at least 31 states. By 2017, these insurers would need to offer coverage in all 50 states.