The Community organizer in chief’s legacy is going to be one of failure. I cannot come up with one success story for Barrack Obama, other than his personal bank account. The next president is going to have “his” hands full, but I have a feeling he will be up for the challenge. Obamacare is a dismal failure, and ready to fall off the side of the proverbial cliff. What is to happen next is any layman’s guess, but there are those who foresaw this crisis, and hopefully can help correct in the future.
When Health Republic Insurance of New Jersey announced recently that it’s $46 million in debt and shutting down, it became the 17th failed ObamaCare co-op since the Affordable Care Act launched three years ago. These failures, and to note, just six of the original 23 co-ops remain ,have left hundreds of thousands of people scrambling for coverage. Premera in Washington state is approved to charge 19 percent more next year. Rates across California will go up an average of 13 percent. Blue Cross and Blue Shield of Texas is asking to raise premiums a stunning 60 percent.
Long-time critics of ObamaCare say they saw it coming. The basic promise, that it’s going to make health care more affordable has not happened, but it is making health care unaffordable. The problem remains a risk pool with too many sick people and not enough who are young and healthy. Once again the good intentions of democrats has backfired, do to the reality of the market place. It is always the case, just like the failed solar panel business. Thought being “it seems like the right thing to do, but not the best thing to do.” Politicians are not business oriented, and that’s why this is a failure. What do you think?