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ObamaCare Is Destroying The Co-Ops It Spent Billions Creating
Investor's Business Daily ^ | 7/11/2016 | John Merline

Posted on 07/12/2016 4:50:49 AM PDT by IBD editorial writer

After providing $2.4 billion in loans to get them started, ObamaCare is now driving several nonprofit insurance co-ops out of business. That, in turn, will leave tens of thousands of people scrambling to find other insurance, while making it unlikely that those taxpayer-subsidized loans will ever be repaid.

(Excerpt) Read more at investors.com ...


TOPICS:
KEYWORDS: obamcare

1 posted on 07/12/2016 4:50:49 AM PDT by IBD editorial writer
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To: IBD editorial writer

The plan is to have us begging for single payer from the Democrats. These people are conniving.


2 posted on 07/12/2016 4:52:11 AM PDT by Sasparilla (Hillary for Prison 2016)
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To: Sasparilla

The plan was always single payer in increments and both parties knew it. One voted for it and one has funded it. It was a scam from the beginning and everyone was in on it except a majority of Americans.


3 posted on 07/12/2016 4:55:24 AM PDT by commonguymd (What happened to common sense. twitter @commonguy123)
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To: IBD editorial writer

as planned from the start....


4 posted on 07/12/2016 5:26:09 AM PDT by zzwhale
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To: IBD editorial writer

Single payer out-and-out socialized medicine is being maneuvered on to the stage as the “only answer.” When we reduce American Medicine to English standards the systems in both countries will deteriorate rapidly from there to third world status without the benefit of UN help and of medical missionaries. The formerly and still relatively (to the rest of the world) free market medical system in the USA is the sole reason that drug research and medical advances are made. Our market pays for all of it, here and in every other country where there are large drug companies doing research.When the American market is gone so will Research and Development be gone. Governments won’t pay for it. Making something new costs money that could be better used buying votes and padding politicians’ bank accounts. If a new treatment doesn’t exist we don’t think about it because we have not seen it. Not paying for R&D will not cost votes. Some drugs like antibiotics must be continually replaced with new ones as the bacteria and virii develop immunities. When all the world’s medicine is socialized where will the new antibiotics come from? The effect of no new research will not be felt for a time and the labs and talents will atrophy. Medicine will revert to a pre 20th century status. You get sick you die.


5 posted on 07/12/2016 6:03:54 AM PDT by arthurus
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To: commonguymd

except a majority of Americans

I believe the majority of Americans was is and will continue to be against Zerocare in any of its manifestations.

Think I heard Zerohissef is proposing that the poo-yer be able to buy insurance directly from the government: not sure how that’s supposed to work, exactly, but he is concerned that they are having trouble meeting co-pays and deductibles! GNS.

Pubbies need to stand firm in their opposition to anything the lying pos cretin proposes.


6 posted on 07/12/2016 6:12:39 AM PDT by Adder (No, Mr. Franklin, we could NOT keep it.)
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To: IBD editorial writer
At some point the market will address "health insurance"

Already groups of doctors are setting up concierge services that patients can join...

Pay an upfront annual fee and a small fee for various services per visit...

Much like a insurance company, but minus the overhead cost, office costs, compliance costs, etc...

As an example you pay $3,000 to sign up, or it gets pro-rated per month and you get a list of services provided at a small fee.., much like a co-pay...

Then a family can buy catastrophic insurance pretty cheap with a large deductible to cover anything major...

7 posted on 07/12/2016 6:22:46 AM PDT by Popman (Righteousness exalts a nation, but sin is a reproach to any people. - Proverbs 14:34)
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To: IBD editorial writer

There is an article on The Hill today: “Obama calling for Public Option.”


8 posted on 07/12/2016 6:27:02 AM PDT by IamConservative (Hillary walks while 100's of teens get prosecuted for mishandling Miley Cyrus MP3's..)
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To: Popman
Then a family can buy catastrophic insurance pretty cheap with a large deductible to cover anything major...

not now available, is it?

9 posted on 07/12/2016 6:32:44 AM PDT by bankwalker (Does a fish know that it's wet?)
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To: bankwalker
catastrophic insurance

Yes, they are available from insurers, the ones I checked you can get coverage for under $100 per month...

They have huge deductibles, but compared to potential $100,000's of medical bills...it's something to consider if all you have is retainer or concierge plan with your doctor group...

One of the reasons they are far less expensive than normal insurance are doctor plans don't cover hospital visits, just in-patient...

10 posted on 07/12/2016 6:43:27 AM PDT by Popman (Righteousness exalts a nation, but sin is a reproach to any people. - Proverbs 14:34)
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To: IBD editorial writer

The spaz president in action.


11 posted on 07/12/2016 6:43:37 AM PDT by Vaduz (women and children to be impacted the most.)
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To: Popman

thank you pop.

if you have a link or company name I would really appreciate it. i


12 posted on 07/12/2016 6:54:37 AM PDT by bankwalker (Does a fish know that it's wet?)
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To: Popman

Do they allow medicare Age participants?


13 posted on 07/12/2016 7:06:29 AM PDT by goodnesswins (Alinsky.....it's what's for dinner: with Cloward Piven for Dessert)
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To: goodnesswins

I don’t know, but it’s a good question...


14 posted on 07/12/2016 7:12:29 AM PDT by Popman (Righteousness exalts a nation, but sin is a reproach to any people. - Proverbs 14:34)
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To: IBD editorial writer

What do the idiot politicians care? It is your $2,400,000,000 that was wasted...not theirs. What criminals.


15 posted on 07/12/2016 8:51:00 AM PDT by hal ogen (First Amendment or Reeducation Camp?.)
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