I am starting to think that Obama has been played by the insurance industry.
They pretended to go along with this thing, just as long as they could suck big subsidies out of it.
Now that it is on the verge of destroying them they are starting the riots, two weeks before an election.
Elect Trump, kill Obamacare, but keep the money you sucked out of it all those years. Fiendishly brilliant if I do say.
Just tell them Obama is personally stealing all those extra premiums to pay for resettling Syrian refugees in their towns
:)
Respectfully disagree. I believe Obama played the insurance industry. They were totally on board with Pelosi/Obama thinking they would get 10's of thousands of new premiums. I actually believe they missed the unintended circumstances that was in the small print. I was amazed that they would lobby for "pre-existing conditions" and "parental extension for childrun up to 26". That's hardly insurance.
The made their bed and now they're pulling out or increasing premiums, co-pays, and obscene deductibles because of their bad decisions.
I read Trump's fix and he's right on. Interstate competition along would fix this mess - more competition = lower prices. It's called free market enterprise. Unless it's corrupted by greedy players and/or cronyism, it always works. It's a wonder to me that SO many nations have followed our successful formula, but yet our leaders want to reverse it as Europe has done. Any wonder Breixt occurred?
Theyre still getting big subsidies, at least the companies with Medicaid contracts
ObamaCare was written by the insurance industry. What industry wouldn't want to write a Federal statute that requires people to buy your product -- under the threat of financial penalties imposed by the IRS?
This was the last gasp of the health insurance industry. With the upside-down demographics in the U.S., they knew it was only a matter of time before they were going to be out of business due to a combination of: (1) excessive claims for older insured people, and (2) insufficient numbers of younger insured people to make the insurance pools work out. In effect, the health insurance industry was slowly being pushed into a business environment not much different than a life insurance company whose clients were mostly over the age of 80. It doesn't take a Nobel Prize in economics to see that this wasn't going to work out.