Of course people getting a free ride don't want it to end, but who's going to pick up the slack when the state exchanges collapse?
When insurers flee the plan’s exchanges, liberals must acknowledge that it is beyond fixable.
Obamacare is a public policy flop of epic proportions. That’s the only possible conclusion from the BCBS of Kansas City announcement that it will drop out of many markets in Kansas and Missouri.
The firm lost $100 million under the Obamacare insurance exchanges from 2014-16. This is another body blow to the government-insurance system Obama created in 2010. Blue Cross is one of the biggest health insurers in the nation and now 25 more counties in these states will have no insurer left.
Nearly every news outlet buried this alarming story and instead shouted in headlines across the country: “23 Million More Uninsured Under GOP Plan.” This was based on the Congressional Budget Office estimated of the impact of the House repeal and replace plan.
Those are troubling numbers for sure, but misleading given the Blue Cross news.
If we stay with Obamacare, tens of millions will have no insurance at all that is even remotely affordable. Aetna, Humana, and other major insurers have fled Obamacare. The Titanic has hit the iceberg and it is rapidly sinking, yet the left and the media keep fiddling on the deck. They act as though this can be fixed with “minor reforms,” but there aren’t enough bandages in America to stitch this back together.
Even more absurd is the idea that President Donald Trump and the Republicans are the ones responsible for the insurers’ leaving and skyrocketing premiums.
If you want a bellyaching laugh, here is a lead story from The New York Times: Insurers complain that “the Trump administration and Congress are rattling the markets.
The administration’s refusal to guarantee payment of subsidies to health insurance companies, the murky outlook for the Affordable Care Act in Congress and doubts about enforcement of the mandate for most people to have insurance are driving up insurance prices for 2018, insurers say in rate requests filed with state officials.”
Stop the presses: What a shock that the insurers say they want more handouts from the government. Trump is supposedly the villain because he won’t force families to buy insurance that they can’t possibly afford given the massive premium hikes that Obama promised would never happen. This is rich.
BCBS Kansas is leaving the market because they lost tens of millions of dollars two and three years ago — long before anyone even imagined Trump running for president. The death spiral in the insurance market predates the arrival of Donald Trump by months and years.
http://www.washingtontimes.com/news/2017/may/28/obamacare-failure-not-caused-by-trump/
