The desperate sounds of Obamacare’s death spiral are reverberating through the White House. Obama’s legacy act is in deep, deep trouble.
Obamacare co-ops are collapsing one after another. The nation’s largest insurers are backing out of Obamacare exchanges. And double-digit premium increases are forecast as two of the law’s three taxpayer-funded insurer “bailout” programs (risk corridors, reinsurance) come to an end. Billions of taxpayer dollars to pay insurers for federally-mandated pre-existing condition coverage will disappear. President Obama wanted the young and healthy to be hit with these costs, but most of the young wisely refused to enroll.
But now, even as Obamacare implodes, Americans face the difficult realities of the law’s consolidation of the entire industry. These realities will be difficult (but not impossible) to reverse: higher premiums, higher deductibles, fewer choices, the loss of affordable insurance, penalties for being uninsured, loss of privacy, community and rural hospital closures, health system monopolies and the early retirement of trusted doctors.
Read more: http://www.cchfreedom.org/cchf.php/1192