More bad news about Obamacare Co-Ops - Part CCIX

Monday, April 11, 2016
Eight of the 11 remaining Obamacare health insurance co-ops appear likely to fail this year

Read the whole article.  You’ll be better informed – if a bit disgusted – if you do.

This means that by the end of 2016, only one or two of the original 23 non-profit health insurance providers is likely to survive.  These are the organizations Obama promised would make for-profit insurers reduce prices and improve services.  Another promise not delivered.

These co-ops were sold to a credulous (Jonathan Gruber said "gullible") American public who still very much want to believe that the reason for high medical insurance premiums is (a) excessive insurance company profits and (b) greedy, overpaid insurance executives.

But no one who understands why insurance premiums are high can be one bit surprised at these co-op failures. The co-ops, like Obamacare itself, stand on a fundamental, fatal flaw: they address a symptom of the problem (high medical insurance cost) as though it were the disease itself (high medical care cost). As Nipsy Russell might have observed, the Obama administration's health policy is running thru Hell in gasoline pants.

None of us would willingly visit a physician who treated only symptoms and ignored real ailments. But that is exactly what the people behind Obamacare - and these failed co-ops - have been telling us to do for the last 7 years.

As a result, the ailment has worsened, and we are not only sicker, but poorer for it.