Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Obamacare, in Economic Shambles

December 10, 2015 By Debbie Young

Originally posted November 10, 2015.

Obamacare’s health co-ops—government-sponsored nonprofits that Americans were told would increase competition—are causing the greatest insurance disruption in decades. As the 10 November WSJ notes:

The majority of ObamaCare’s insurance co-ops—12 of 23—have now folded, and their $1.24 billion in federal loans has all but vaporized. More will fail, nearly a million Americans may lose coverage, and now the contagion from their failures is spreading.

The co-ops are also exposing the larger ObamaCare problem. Contrary to popular belief, the exchanges aren’t profitable for insurers.

You don’t have to be a bankruptcy specialist on par with Donald Trump to understand that loading up on clients who are consuming health care but aren’t paying close to full freight is unsustainable.

Kevin D. Williamson wrote recently in NRO that Obamacare is an economic shambles, a political mess that has introduced nothing to the American health care system except chaos. Read more from Mr. Williamson here.

Related video:

Related Posts

  • Obamacare Operation!
  • Health Care’s Solyndra
  • Premiums Surge under Obamacare
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Biden, a Job Killing Machine - March 8, 2021
  • Remind Us Why Washington Needs to Spend $1.9 Trillion - March 5, 2021
  • Does the Left Think Black Kids Are Too Dumb to Learn Math? - March 4, 2021

Dick Young’s Must Reads

  • Rich Grandchild, Poor Grandchild
  • Why Some Kids Won’t Go Back to School, Ever
  • We’ll Burn the Place Down!
  • America’s States Rights Revolution
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • Hillsdale College: What College Is Meant to Be
  • The Case for Individual Stocks: Now More than Ever
  • You Want the Limo, Not the Public Bus
  • Your Life on Main Street will Never be the Same
  • The Simple, Elegant Power of the Retirement Compounders

Disclosure

RSS Youngresearch.com

  • Your Retirement Life: Meet A Modern Day Ski Warrior
  • How Bull Bashes End
  • Your Social Life During the Pandemic and MORE
  • Good Timing? Virgin Galactic Shares Tumble After Chairman Sells Shares
  • Do You Remember When You Purchased Your First Home?
  • Which Fossil Fuel Wins in a Shift to Renewables?
  • Richard Young Reports: The Great Money Explosion and Disasters
  • Fidelity’s 26 Million Retail Accounts in 2020, Up 17%
  • You’re Rich When You Invest Like Croesus
  • Joel Kotkin: Economic Civil War

Biden’s Anti-Job Executive Orders Could Alienate Labor Forever

Biden, a Job Killing Machine

Your Retirement Life: Meet A Modern Day Ski Warrior

Can Trump Overcome His Biggest Failures and Win in 2024?

Joe Biden Is Intentionally Creating a Crisis at the Border

Senile? Democrats Want to Repeal Biden’s War Powers

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives