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Finding out what’s in it: A major New Mexico health insurance company has decided to stop selling individual insurance policies through the Obamacare exchange.
Apparently, people who got insurance through the exchange were generally sicker to begin with, and were poorer (80% required subsidies). The company decided the cost was too much.
Meanwhile, Obama has declared that the solution to this very bad government-run health care system is more government!
President Barack Obama, reviewing his signature health law six years into its implementation, is suggesting Congress and his White House successor add a government-run, or public, insurance option to the Affordable Care Act and increase federal financial assistance for people to buy coverage.
The problem with this proposal is this is exactly what the Obamacare exchanges were, except that the health insurance itself was provided by private companies. Obama is suggesting we expand the exchanges (which have failed miserably), but augment that failure with a system kind of like the Veterans Administration, where the government provides the healthcare. That should work just great, assuming we lived in a fantasyland invented by progressive leftists who pay no attention to reality.
But then, I think we do, considering how many people seem willing to vote for Hillary Clinton, a big supporter of Obamacare and a long time proponent of it.