It’s another day, and we have more bad news about Obamacare.
Some of the nation’s largest insurers have decided they don’t want to sell insurance on the law’s health insurance exchanges. The latest? Aetna recently announced it would no longer offer plans on Obamacare’s marketplaces in almost all of the states it currently serves.
The insurer quit because Obamacare is a bad deal for them.
And it’s a bad deal for consumers too.
In many states, patients are facing far more limited choices on Obamacare’s exchanges. In some places, they don’t even have a choice.
Unfortunately, all of this was predictable. Obamacare’s marketplaces rely on the younger and healthier to subsidize the costs of the older and sicker. That, in addition to government subsidies to help incentivize insurers to participate.
When Republicans in Congress blocked the subsidies, and largely higher-cost patients showed up to buy health insurance, Obamacare’s exchanges were doomed.
A majority of Americans remain opposed to the law. We shouldn’t be surprised.[soundcloud url=”https://api.soundcloud.com/tracks/280510692″ params=”color=ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false” width=”100%” height=”166″ iframe=”true” /]
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