Another Obamacare co-op folds
Finding out what’s in it: New Jersey’s Obamacare co-op has been taken over by the state and will fold in 2017.
As noted at the link, “that leaves just six of the original 23 Obamacare co-ops in operation next year.”
In other words, Obamacare is steadily going bankrupt, and in the process it is bankrupting the health insurance business. Before the law, it was possible for individuals to buy at a somewhat reasonable price a catastrophic insurance plan that would cover you in case of disaster but required you to pay for most of your routine health care costs. Obamacare outlawed those plans (obviously, someone was lying when he said you could keep your plan if you liked it). The result however is that everyone is forced to buy at very unreasonable prices the equivalent of those same plans, since both premiums and deductibles have risen so much that everyone now has to pay for routine health care costs.
Obviously, this means we should all vote for Hillary Clinton and the Democrats, because they more than anyone else know how to solve the problem they created. Obviously, voting for the Republicans, who predicted this disaster in great detail and with remarkable accuracy, would be a mistake, a clear demonstration of racism or something. And we wouldn’t want to be called racist by Democrats, would we?
Finding out what’s in it: New Jersey’s Obamacare co-op has been taken over by the state and will fold in 2017.
As noted at the link, “that leaves just six of the original 23 Obamacare co-ops in operation next year.”
In other words, Obamacare is steadily going bankrupt, and in the process it is bankrupting the health insurance business. Before the law, it was possible for individuals to buy at a somewhat reasonable price a catastrophic insurance plan that would cover you in case of disaster but required you to pay for most of your routine health care costs. Obamacare outlawed those plans (obviously, someone was lying when he said you could keep your plan if you liked it). The result however is that everyone is forced to buy at very unreasonable prices the equivalent of those same plans, since both premiums and deductibles have risen so much that everyone now has to pay for routine health care costs.
Obviously, this means we should all vote for Hillary Clinton and the Democrats, because they more than anyone else know how to solve the problem they created. Obviously, voting for the Republicans, who predicted this disaster in great detail and with remarkable accuracy, would be a mistake, a clear demonstration of racism or something. And we wouldn’t want to be called racist by Democrats, would we?