Obamacare has been the law of the land for less than five years, and already the train wreck legislation seems to be grinding to a halt. As of today, 10 of the 23 health insurance co-ops that were created under the Obamacare law have failed: Kentucky, New York, Nevada, Louisiana, Oregon, Colorado, Tennessee, South Carolina, Iowa, Nebraska, Utah and most recently Arizona have all gone under.
However, it’s not just the co-ops that are failing. No, the health insurance companies themselves are being squeezed out by Obamacare as well. In fact, in the vicious cycle that Obamacare has created, the legislation may actually be killing itself. See, as Obamacare forces insurance companies into collapse, citizens are forced to fewer and fewer insurance options, forcing the price of insurance to rise because of the constricting market. That rise in price (from fewer insurance companies) makes costs untenable for the co-ops, forcing the co-ops to fail.
Those failures mean thousands of people lose their insurance, which leads us to the inevitable outcome of the Obamacare legislation. Either we move to full-blown socialism and single payer healthcare… or conservatives restore sanity to the marketplace and allow the free market to handle our healthcare needs once again.
Obamacare (AKA the Affordable Care Act) has been anything but affordable. In fact, under the Obamacare era our healthcare costs have actually risen faster (in most parts of the country) than before! In Mississippi rates increased by 60%, in Minnesota they went up by more than 50%, up 36% in Oklahoma, and 31% in Alaska, and on and on the list goes.
The main stream media is just starting to figure this all out, as evidenced by the woeful news segment that recently aired on CBS News this past weekend.
It shouldn’t have taken this long for the media to figure it all out. Obamacare has been an absolute nightmare from start to finish, in every aspect and from every angle. It has not made sure that more people could get insurance, in fact it has only made our healthcare problems worse.
How have things changed under ObamaCare? Wealthy Americans continue to have health insurance, albeit at a higher price. But they can afford it. Many middle-class Americans are paying higher premiums they can hardly afford. And then millions more low-income Americans have heavily subsidized insurance or Medicaid coverage.
However, millions of other Americans who enjoyed good individual insurance before ObamaCare have found themselves forced out of affordable plans, with their new premiums rising rapidly. Other middle- and working-class Americans who were uninsured are still uninsured and paying the penalty or claiming an exemption. That isn’t affordable care. In many cases, it isn’t care at all.
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