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
  • Dividends 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
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

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:

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

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)
  • Saudi Oil Is Different from U.S. Oil? - June 27, 2022
  • Greetings From Paris & Le Bristol Hotel - June 24, 2022
  • Biden, a Job Killing Machine - June 24, 2022

Dick Young’s Must Reads

  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • The Clock is Ticking: You Must Protect Your Family
  • Rich Grandchild, Poor Grandchild
  • DIGITAL DOLLAR DOOMSDAY: The Wall Street Journal Is NOT Going to Tell You This
  • Your Cash Swept into Your Broker’s Bank Account!
  • Your Odds with Statins: 500 to 1?
  • A NEW CONTRACT WITH AMERICA: Rick Scott Finally Gives the GOP Something to Run On
  • Government Should Be Small, Laws Unobtrusive, and Men Left Alone
  • You Need to Seek Some Shelter for When Things Get Ugly
  • Is Rutin Useful in Preventing Blood Clots?

Disclosure

RSS Youngresearch.com

  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”
  • What Happens to Your Passwords When You Die?
  • Your Survival Guy: Clearing the Decks, Buying a Boat, Seeing the World and More
  • Is the Great Job Boom Over?
  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Will ESG Do to Steel Prices What It Did to Gas Prices?
  • Kellogg Cuts Loose with Split Plan
  • Apple Shares Resilient in the Face of Recession
  • MONEY TALKS: The Best Service in Paris
  • Predictions of MEGA-SPENDING on Metaverse

Saudi Oil Is Different from U.S. Oil?

Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”

The Magic of Compound Interest

FOOD SHORTAGE: Not “If,” But “How Bad?”

The Great Reset and the COVID Coup D’etat

U.S. Survival AR-7

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives