ObamaCare’s House of Cards

“We can’t sustain these losses. … We can’t subsidize a market that doesn’t appear at this point to be sustaining itself,” UnitedHealth Group Chief Executive Stephen J. Hemsley reportedly told the WSJ.

According to Rick Manning in The Hill:

It has long been rumored that health insurance providers were teetering on financial disaster due to the combination of fewer enrollees than planned, increased coverage requirements and profit restrictions imposed under the law. UnitedHealthcare’s admission during a briefing with stock analysts that continuing to operate under the strictures of the ACA doesn’t make financial sense is the equivalent of driving a dozen nails into the coffin of much-hated law.

But wait, there’s more. That ol’ promise that healthcare costs would go down by $2,500 for an average family took another hit of reality as a Wall Street Journal analysis of 2016 rates showed that premiums for individual health plans are going up, with double-digit increases more typical than not.

Besides skyrocketing healthcare costs, less healthcare service available, anticipated health insurance company abandonment of the system, patients being thrown off coverage and losing their doctors, and the failure of the co-op system, ObamaCare is doing just fine. It is the politicians who still support it who will be on life support come November 2016, when panic over the system intensifies.

Read more from Mr. Manning here.

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Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.