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To: neverdem
"The ACA was supposed to fail slowly and painfully over the course of two or three or four presidential election cycles (which is why Obamacare's namesake, Barack Obama, saw to it that it wouldn't be implemented until the second half of his second term). When the backlash came, it was supposed to come on some other president's—preferably a Republican president's—watch.

Yes the Democrats designed the ACA too well for their purposes.

They designed the ACA so as to make it very difficult for the Health Insurance Companies to make a profit. But what they ended up doing is making it all but impossible to make a profit in Health Insurance. So you have insurance companies cancelling policies in states all across the country where they have deemed it likely that they will suffer unacceptable loses.

As this article states they leaving individual insurances policy holders to the ACA. High Risk cases will be dumped on the ACA driving up the cost of policies or making the ACA operate at a loss (or both). The only way that the ACA will be able to attract policy buyers is to raise subsidies to astronomical heights; which means the tax payer will be footing the bill for the high risk pool of health insurance buyers.

What we will have is the next Amtrak or US Post Office; a money loosing quazi private company that is a drain on the Federal budget that could be more efficiently run by the private sector.

But of course the only solution the Democrats will ever accept is to pump more and more money in to the bottomless pit. And of course the other inevitable result of this new adventure in Socialist failure is that the Republicans in congress will only briefly protest and then acquiesce to the Democrats pointless solution that will of course fail and need to be repeated endlessly.

4 posted on 10/25/2013 5:31:34 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac
At the point where the health insurance companies were told to accept anyone with a pre-existing condition into the general pool, it was guaranteed to sink an industry that lives or dies by actuarial risk assessment. It immediately converted them to scapegoats who were ordered to deplete their resources until bankrupt, whereupon they might be bailed out (to remain as a front organization for further government redistribution) or just disappear.

What is being put up is not a viable "insurance" model, but is just designed to look like one.

Obama is managing to fundamentally transform the insurance industry, similar to the way the auto industry bail-out, false bankruptcy scam set aside business contract law.

5 posted on 10/25/2013 5:53:46 PM PDT by RhoTheta ("We're from the Government, and we're here to help you ... NOT")
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