There's reports today on the impending implosion of Obamacare. All but one of the twenty-two insurance coops set up by the law have now failed or are scheduled to close. The cost of these failures has been many billions of dollars for the nation's taxpayers. Numerous insurance companies are pulling out of the exchanges and more are likely to follow suit for 2017. Premiums are rising quickly. Coverage is shrinking too as the huge deductibles get larger not smaller. In short, what it all means is that consumers will have many fewer choices with worse coverage which will cost more.
The administration calls this a success. In fact, the director of the program was recently quoted as pointing to the 12.7 million people who bought insurance through the exchanges as proof positive of the program's success. I guess the best response to that claim is "huh????" According to the low-ball estimates put forward by the Obama administration when the program was passed, 2016 was supposed to see twenty million people signed up for coverage on the exchanges. Instead, there is only 60% of that number, but the director says this is proof of success. Translating this all into English, the Obamacrats are saying, "the program has been a disaster, but we'll point to the numbers that demonstrate how bad it is and claim it to be a success.
Think about this. It's roughly the same as someone going to Weight Watchers to lose thirty pounds, gaining five pounds after four months and then claiming success because they only gained a small amount of weight. Obamacare is clearly a failure, and the sooner the Obamacrats admit this, the sooner something that works can be put in its place.
The administration calls this a success. In fact, the director of the program was recently quoted as pointing to the 12.7 million people who bought insurance through the exchanges as proof positive of the program's success. I guess the best response to that claim is "huh????" According to the low-ball estimates put forward by the Obama administration when the program was passed, 2016 was supposed to see twenty million people signed up for coverage on the exchanges. Instead, there is only 60% of that number, but the director says this is proof of success. Translating this all into English, the Obamacrats are saying, "the program has been a disaster, but we'll point to the numbers that demonstrate how bad it is and claim it to be a success.
Think about this. It's roughly the same as someone going to Weight Watchers to lose thirty pounds, gaining five pounds after four months and then claiming success because they only gained a small amount of weight. Obamacare is clearly a failure, and the sooner the Obamacrats admit this, the sooner something that works can be put in its place.
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