Skip to comments.ObamaCare exchanges collapsing, enrollment plummeting
Posted on 10/14/2015 7:14:24 AM PDT by Sean_Anthony
Four exchanges insolvent, 11 receive warning letters . . . and nearly 2 million enrollees aren't paying their subsidized premiums
Gosh, who saw this coming? The federal government sets up an artificial market for selling health insurance, sets the prices, subsidizes the premiums, goads people to buy whove never before been able to afford it, forbids profits and bans anyone who actually knows what theyre doing from running the darn things.
How could that possibly fail?
Quite spectacularly as it turns out. While the mainstream media ignores all of the following, lest it stumble in its role as Democrat campaign propagandists, the Wall Street Journal editorial page is doing its usual excellent job of telling us whats really happening with ObamaCare. And in short, the economic model is failing. The state exchanges are turning out to be complete disasters, and of the 11.7 million people who signed up for health insurance with subsidized premiums, nearly 2 million of them still cant pay their premiums.
And from the clip on Fox this AM, it seems Hillary was listing Obamacare as one of her accomplishments that she was proud of. She is a congenital liar, as David Axlerod once called her. For once, he was right about something.
People who only listen to the leftwing media have willfully decided that the world is as Obama and the rest say it is.
This began as the GOP’s ROmneyCARE,
and the GOP KEPT IT after odiously lying to voterss.
The GOP, EXEMPT, treasonous, self-serving, belong in jail.
And the idiot Dems want to open it up to illegals.
It was RomneyCare.
But it began as KennedyCare, and then it was HillaryCare after that.
Pelosi was ecstatic at the signing---
duped dumb Democrats on board the straight party line vote.
I have said this before: I believe these were never intended to succeed. These exchanges were set up as a mechanism to destroy private insurers.
Once private insurers are out of business, the government steps in as the solution.
Have they sorted out the income verification checks yet, or is Obamacare still operating on the honor system?
How is California with a third of all welfare doing in this mess?
Looks like Uncle Joe is getting ready to corndog that young lad.
LOL....you nailed it.
Quite spectacularly as it turns out.
Dums and libtards don't care. Next stop: single payer,if they win.
The Obama administration will grant waivers for premium payment to all who cannot afford the reduced premiums. He will dare Republicans to stop him.
Republicans will sue. 3 years later, the Supreme Court will take up the case and rule that the Affordable Care Act has the major goal of making care AFFORDABLE, so therefore the president’s action was constitutional because it was in line with that goal, despite being a contradiction of the clear wording of the statute.
See how easy that is?
Apparently it’s doing just fine as long as the welfare checks / EBT cards keep going to a third of the population.
I don’t think they were duped. I think it was more like bribed and/or threatened.
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