Soaring Obamacare premiums and declining insurer participation rates in exchanges across the country have been a frequent topic of conversation for us (see "Obamacare On "Verge Of Collapse" As Premiums Set To Soar Again In 2017" and "Stunning Maps Depict Collapse Of Obamacare "Coverage" In 2017"). Now, even early proponents of the "Affordable Care Act" are starting to distance themselves from a policy initiative which is, at this point, a complete and obvious failure. According to CBS, Democratic Minnesota Governor, Mark Dayton, recently called for changes to the healthcare exchanges in his state saying that "the Affordable Care Act is no longer affordable."
“Ultimately I’m not trying to pass the buck here but the reality is the Affordable Care Act is no longer affordable,” Dayton said.
Dayton says changes to the program are critical, as he stepped away from one of his signature political platforms.
“The Affordable Care Act has many good features to it, it has achieved great success in terms of insuring more people, 20 million people across the country and providing access for people who have pre-existing conditions alike, but it’s got some serious blemishes right now and serious deficiencies,” Dayton said.
Premiums for 250,000 Minnesotans, or 5 percent of the population, insured under MNsure will skyrocket by 50 percent or more on some health plans.
“I think it’s a good step that the governor is now admitting that most Minnesotans can’t afford this and I think that’s a good first step to us now being able to work together to take some action to fix this so that we can find a solution that will get Minnesotans the health coverage they need at a cost they can afford,” Daudt said.