Posted on 09/28/2016 4:57:47 PM PDT by Rockitz
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.
Those failures – just six of the original 23 co-ops remain – have left hundreds of thousands of people scrambling for coverage.
Meanwhile, insurers claiming big losses are leaving some state exchanges -- including Indiana University Health Plans, whose exit is expected to result in 27,000 Indiana residents losing ObamaCare plans in 2017. And companies still operating in the federal and state exchanges are raising premiums for next year.
Together, the developments are posing new challenges for Americans seeking affordable coverage, and show the highly touted overhaul of the country’s health care system is in some cases not yielding the savings President Obama once promised.
As a candidate on the campaign trail in 2008, Obama once said: “If you’ve got health insurance, we’re going to help that employer save $2,500 per family per year. … Those savings are going to be passed along to the workers.”
Nationally, though, premium hikes are expected to average 8 percent next year. Many insurance companies are seeking much more than that, for the exchange plans and those offered to employers.
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.
“That basic promise, that it’s going to make health care more affordable, it’s not making health care more affordable,” said Avik Roy, an author and Republican adviser. “It’s making health care more expensive, especially for the uninsured.”
(Excerpt) Read more at foxnews.com ...
Another of obama’s Big Ideas - screw up the best healthcare system in the world in order to generate votes from the proles.
At least the corrupt complicit GOP kept THEMSELVES
and their FAMILIES and STAFF EXEMPT, unlike
the SHEEPLE who live only
to serve the corrupt BASTARDS.
His Signature Legislation, no less. Ooooops!
That Obama Legacy is getting harder and harder to prop up.
All going to plans but way ahead of schedule. Congress will not do anything to stop it.
The real obama ‘legacy’ is f***ing up the country so badly, it’ll take the next president (assuming it’s Trump) his entire presidency to undo all the damage.
...Another of obama’s Big Ideas - screw up the best healthcare system in the world in order to generate votes from the proles....
This is right out of Saul Alinski’s Rules for Radicals....overload the system...And conquer.
In this case, the conquering is in the proles begging for single payer.
And the ‘single payer’ is anyone with a few bucks socked away who (mistakenly) assumed he might retire someday.
Like what?
Single payer in this case is 100% government run insurance.
100% socialism.
I remember someone saying when this was originally going through that this was the plan all along.
Nobody or no amount of money will get in their way of seizing total control!
I believe these new rates for next year will be apparent in October with re-enrollment.
Trump MUST WIN! My health care broker said that private insurance is going away within the next 1-2 years. Private health insurance is the only reason we HAD the best medical care in the world. No private health care options means Single payer only. Bye-bye to good medial care.....and hello to the Government deciding WHO even gets health care. Including those death panels. Mr Obama, THIS IS NOT WHO WE ARE!!
Don't worry. He'll always be able to point to lighting the middle east on fire and fostering wars across the region, founding ISIS, and opening the gates of Europe to an invading army of hostile muslims as signature items.
That and the Nobel peace prize.
Their goal from the start. It was known and planned to fail so that they could come breathlessly to save the day with “Single Payer”....can you say NHS?
Remember that the NWO’s primary goal is to kill off 6.5 billion people and “socialized medicine” is just one of the integral parts of the plan.
Waiting for Obamacare to be replaced by Trumpcare. Heck, even Hillarycare might be better.
Governments utterly screw up everything they touch.
What do you expect from a guy whose only real job was scooping ice cream? No offense to ice cream scoopers.
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