Bad News for Democrats: With 25% Rate Increases Obamacare is a Disaster
For all of the democrats who supported the socialist behemoth known as The Affordable Care Act, today’s news that the health care law is a complete bust comes as surprise. For all of the Republicans who predicted this when the law was passed, this is more proof that democrats should never be allowed to pass any kind of legislation or be in charge of anything ever.
Fox News has the unsurprising news that ObamaCare is a total failure:
Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That’s sure to stoke another “Obamacare” controversy days before a presidential election.
And just how unaffordable is the Affordable Care Act? This:
Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.
Moreover, about 1 in 5 consumers will only have plans from a single insurer to pick from, after major national carriers such as UnitedHealth Group, Humana and Aetna scaled back their roles.
Who could have ever foreseen that giving free healthcare to millions of people who don’t feel like working would ever cause premiums to rise for the people who work and pay for their own insurance? I mean besides the Republicans who opposed this law and have been trying for years to repeal it since its passage.
This is actually worse for some people:
In some states, the premium increases are striking. In Arizona, unsubsidized premiums for a hypothetical 27-year-old buying a benchmark “second-lowest cost silver plan” will jump by 116 percent, from $196 to $422, according to the administration report.
Don’t worry, the democrats who passed this piece of crap have all the answers to fix it:
Nonetheless Obama says the underlying structure of the law is sound, and current problems are only “growing pains.” The president has called for a government-sponsored “public option” insurance plan to compete with private companies.
It’s hard to argue with that logic. Government created this mess so obviously more government involvement will fix it.
Hillary’s take was even more pathetic:
Democratic candidate Hillary Clinton has proposed an array of fixes, including sweetening the law’s subsidies and allowing more people to qualify for financial assistance.
That’s positively brilliant. Take more money away from hardworking taxpayers to subsidize the unproductive people who are driving the premiums higher in the first place. That’s actually the textbook definition of a liberal policy.
This thinly veiled redistribution of wealth scheme was destined to fail from the beginning because there was always going to be more mooches than providers. That’s Pyramid Scheme 101: in order to keep it going you have to have a constant supply of suckers willing to pay or it collapses.
The truly crazy thing isn’t that democrats thought this would work, they never read the bill before passing it, but rather that they think the way to fix it is by expanding the number of people who get free heath care. If the program can’t pay for itself now, how will having more freeloaders and less sugar daddies put it in the black?