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Monday, September 05, 2016

Obamacare Insurance Markets on Verge of Collapse

Citing the financial unsustainability of Obamacare, both the insured and insurers are fleeing Obamacare in increasing numbers, leaving President Obama’s takeover of the nation’s healthcare system on the verge of collapse.

The administration has claimed Obamacare — officially designated the Affordable Care Act — to be a great success, insisting that 20 million previously uninsured Americans now have insurance. But according to a report at The Guardian, that “success” comes at the expense of all the features that were supposed to make the law sustainable.

President Obama and his cohorts imagined that since Obamacare was to be compulsory, millions of healthy young Americans would immediately sign up, and the massive influx of cash paid into the system as insurance premiums would help pay for the higher costs in care doled out to older, sicker enrollees.

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4 comments:

Anonymous said...

The government always tried to make us believe falsehoods.
The young people in America were never going to buy insurance.
They never have in the past, and won't in the future.
The penalty was a non-issue because the young people can't find good jobs.
So they don't worry about the 1% or 2% of their income in penalty.

So I am a person who never believes what the government tries to sell.
I also don't believe the officials are stupid.
They knew what would happen but did not care.
They stole as much money from the people as possible.

Anonymous said...

I agree with you

Paladin said...

Dear Readers,

The 'Millennials' have figured out what we all knew was true - it is far cheaper to pay the penalty than to absorb the cost of this.

Happy Labor day

Regards,

Paladin

lmclain said...

The press hss YET to question him about ALL of the lies he used to sell this boondoggle.
Journalism has been replaced by fellatio.
And the media wears the used condom like a party hat.
Keep cheering.