ObamaCare ‘Success’ Update: Most Insurers Losing Money And Premiums Skyrocket
July 20, 2016| by Brian Anderson
The president loves to tout the “success” of ObamaCare as the one thing he accomplished in his two-term reign of terror. Hillary Clinton, the democratic nominee, is running hard on this liberally-spun success, but as it turns out the Affordable Care Act ain’t so affordable. I know you are shocked that bureaucratic behemoth experiment in socialism is a giant turd, but it’s true.
The Commonwealth Fund, a non-profit/non-partisan group, did an extensive study on the financial health of health insurers participating in ObamaCare and things don’t look good. Among their findings:
Recently, however, we are hearing more troubling financial news from health insurers in the individual market. Premium rates have increased more than expected. Several newly established insurers that focused on the individual market have failed or are in financial distress. And the nation’s largest insurer, United Healthcare, announced it would be withdrawing from most of the ACA’s exchange markets, based in part on its significant losses.
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