Nearly Half of Obamacare Co-Ops Have Failed. Wow a 50% success ratio. Probably about the same as Obama’s hidden grades.
Nearly Half of Obamacare Co-Ops Have Failed. Wow a 50% success ratio. Probably about the same as Obama’s hidden grades.
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"Experts say that the co-ops are failing because of artificially low premiums, strict regulations, and too many people requiring payouts." Isn't this our government in a nutshell? "Low premiums" = too many people either illegal and/or living off the government and not paying taxes. "Strict regulations" speaks for itself/small business killer. "and too many people requiring payouts" = the welfare world.
By the time they're done, all the insurance companies will be bankrupt and the goobermint will have to step in and run the whole shebang.
Fundamentally transforming the country.
Only 50%? I would have thought more. They suck.
Nothing like lifting the smoke and breaking the mirrors to see just what the cluster Barrycare is truly. Now that all these ass holes who wanted free health care have to pay for it. They are about to get really pissed when they can't afford the PoS that they all championed.
Math is hard!
Private companies are feeling the pinch too. Blue Cross/Blue Shield is leaving New Mexico because the state corporation commission will not let them raise premiums as much as 45% to help cover all the new costs caused by Obummercare. Over 100,000 people are scrambling to find health coverage by the end of the year.
Once again the government proves they couldn't run a hot dog stand without screwing it up. I bet the Wookie's best friend from college has made some serious cash however.
Yeah they all either have or will go tits up, but a lot of people are going to walk away with a lot of money. Unfortunately it is our money. I suspect they would have failed even if competent people were put in charge, but this is a government run deal so the people in charge are crony's of some big shot politician or another.
I suspect they would have failed even if competent people were put in charge
Where do you find competent people in government?
The only constitutional tax written in the Senate and designed to fail.
The other 50% can still cook the numbers. Give them another bit. Then they'll fail, too.