How Many Bailouts Will Obamacare Receive Before It's Scrapped Entirely?

As state governments continue to buckle under the weight of skyrocketing insurance claims, one has to wonder just how long the Obamacare charade can continue. A New York Times article from July of this year reports that the new health insurance customers, benefiting from the Affordable Care Act, are far sicker than insurance providers had anticipated. Those companies are seeking rate increases of up to 40 percent to stem the millions of dollars in losses they are taking due to the increase in claims made by these new customers.

One example is Oregon, where it was found that the cost of providing coverage totaled $830 million in 2014 while premiums were only $703 million. Many states experienced something similar. Utah-based company Arches Health Plan is requesting a 45 percent rate increase and Scott & White Health Plan of Texas is seeking a 32 percent rate increase, as are others.

The death spiral that these rate-increase requests herald should make all those who have blindly supported this massive intervention pause and ponder over just what their faith in government omnipotence has wrought. How much devastation will be allowed to materialize before they realize that the progressive totem of universal healthcare is unrealizable? That may be too much to ask, considering the generous helping of blind faith that fueled the passage of Obamacare.

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