Politics

Obamacare downward spiral continues, 2017 will be worse

Obamacare downward spiral continues, 2017 will be worse

Obamacare downward spiral continues, 2017 will be worse

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The reality of Obamacare is becoming more and more disastrous as the years pass by and the Obamacare death spiral continues and come next year, it will be far worse.

The Democrats and the Obama administration halted and refused any Republican healthcare reform plans to come to the floor and at the same time, they had hoped that Americans would be ignorant enough to fall for Obamacare, which many did.

Back in 2014, Massachusetts Institute of Technology (MIT) Professor Jonathan Gruber discussed how the reform earned enough votes to pass and stated that many lawmakers and voters did not know what was in the law or how it’s financing worked, and that this helped it win approval.

“Lack of transparency is a huge political advantage,” Gruber stated. “And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical for the thing to pass.”

Now several years later, NPR and Harvard have stated that Obamacare has been a complete disaster and now, Holman W. Jenkins, Jr. of the Wall Street Journal pointed out that the death spiral of Obamacare continues and several health insurance companies who once supported Obamacare such Aetna, Anthem, Humana and UnitedHealth Group are pulling out as fast as they can.

Jenkins said, “ObamaCare policies have proved so unattractive that even customers eligible for subsidies are turning away unless they also happen to be seriously or chronically ill. That’s because deductibles and co-pays keep going up with each successive renewal period. For a family of four on a bronze plan, the deductible is now above $11,000. This is the equivalent, in the case of routine illness or injury, of not being insured at all.”

If that wasn’t enough, Michael Krieger, writer on Liberty Blitzkrieg reported that research from VOX, is showing that Obamacare will get worse in 2017 as competition on the Obamacare marketplaces will severely decline next year. It will be so bad, that there will be significantly more places in the country where customers have no choice of health insurance because just one company signed up to sell coverage. VOX reported that this is the conclusion that health policy experts have increasingly gravitated toward in recent months and weeks, as major insurance companies have announced hundreds of millions of dollars in financial losses on the Obamacare marketplaces.

Krieger said, “2017 is shaping up to be a very, very ugly year for Obamacare. A year in which it may become obvious to all that the entire thing is an unredeemable failure.”

“Many of you surely have been paying attention to headlines regarding insurers fleeing the Affordable Care Act (ACA) exchanges due to major financial losses, despite huge premium hikes, but you may still not recognize how bad the situation really is.”

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