I have written for years about the failure that is single-payer, government-run healthcare. Even before the implementation of Obamacare, the evidence of its impending failure was readily available, from our own Veteran’s Administration to the socialist healthcare systems in Canada and Europe and those of every communist nation.
As written by The Analytical Economist (Allen West, 2/28/16), “We need to repeal and replace Obamacare — not to strip the president of his administration’s signature achievement, but to save the public from his greatest failure.”
All that has been written predicting the failure of Obamacare is coming true. Even with massive subsidies, the house of cards is falling apart.
As highlighted in the citation above, “UnitedHealth (America’s largest insurer) has expressed regret at entering the Obamacare exchanges, and plans to pull out completely this year. Their losses due to Obamacare top $1 billion. That’s just one private insurer participating in (the) exchanges.
To top it off, private insurers are doing better than the twenty-three non-profit co-ops established under Obamacare in 2012. According to the Daily Caller, “twelve have closed their doors after only two years of operation.
According to The Daily Caller, “Mandy Cohen, a top federal health official, told congress, eight of the 11 remaining Obamacare health insurance co-ops are in serious financial trouble and could collapse by the end of the year…Eight now face either federal ‘enhanced oversight’ or are operating under a federal ‘corrective action plan.’
I remain amazed that anyone still believes that the government can run – ummm – anything.
Once again, big government proves that it has no solutions. It should just step aside and leave solutions to those who know how.