Death Spiral Watch: As Democrats Attack, the System They Built Keeps ImplodingAs liberals flail away at the Senate's newly-released healthcare bill, and conservatives scramble to adjust serious design flaws, Americans must not lose sight of an inescapable and crucial fact: The current law, which was exclusively written and passed by Democrats, is failing -- and those failures are getting worse. Within the past 48 hours, two major insurance carriers announced plans to withdraw from Obamacare marketplaces in a slew of states. Despite hiking individual market federal exchange premiums by an average of 105 percent over the past four years, in a quixotic effort to compensate for Obamacare's systemic adverse selection flaw, carriers are still losing hundreds of millions of dollars per state, per year. For many, they can't sustain those financial blows any further, so they're pulling the ripcord:
These departures will only deepen the law's spiraling rate and access shock problems. Liberals, ever eager to blame their failures on others, are trying to pin this slow-motion collapse on Republican "sabotage," but that's a nonsense excuse..........
https://townhall.com/tipsheet/guybenson/2017/06/23/meanwhile-obamacare-is-absolutely-imploding-n2345329
