Monday, April 11, 2016

Who's Surprised?

There are so many things wrong with Obamacare, but the worst part is that its failure was not only predictable, but predictedThis doesn't surprise me at all:
EIGHT MORE OBAMACARE CO-OPS TO FAIL: By the end of 2016, odds are only one or two of the original 23 non-profit health insurance providers Obama promised would make for-profit insurers lower prices and improve services will still be around. And the price of this predictably failed experiment is $2.5 billion, plus an incalculable opportunity cost. The Daily Caller News Foundation Investigative Group’s Richard Pollock has the details, as he has from the very beginning of the co-op epoch.
Just a reminder that not a single Republican in either house of Congress voted for this abomination.

And then there's this:

The Affordable Care Act suffered another jolt late last week with the news that UnitedHealth Group, the nation’s largest health insurer, was making good on its threat to pull out of Obamacare, beginning with its operations in Georgia and Arkansas.

UnitedHealth roiled the market last November when it revealed that it was considering exiting Obamacare after incurring hundreds of millions of dollars in losses related to ACA business. Then UnitedHealth CEO Stephen Hemsley confessed to investors meeting in New York in December that the company should have stayed out of the program a little longer to better gauge its profitability potential.

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