ObamaCare has been in a serious downhill spiral for a while, but these last two weeks gave us some really telling signs that the collapse is eminent.
This week, insurance giant UnitedHealth Group announced that it was pulling out of most ObamaCare markets, leaving many exchanges with only one option.
We also got word that the ObamaCare enrollment is significantly down and that health insurance premiums are going to skyrocket again this year.
UnitedHealth Group is planning to drop out of almost every ObamaCare market it currently serves after losing $1 billion on those policies.
The result will be less competition in those states. An analysis by the Kaiser Family Foundation found that “more than one in four counties where UnitedHealth participates nationally would see a drop from two insurers to one if the company exits and isn’t replaced by a new entrant.”
UnitedHealth’s exit from these markets will leave a quarter of all the counties in the country with only one participant in the Obamacare exchanges.
Of course, some other company could fill the void, but with UnitedHealth Group citing a billion dollar loss after only two years, what insurance company would be that crazy?
I imagine that this exit from ObamaCare will only exasperate the other two issues!
The CEO of America’s Health Insurance Plans, Marilyn Tavenner, revealed that she expects ObamaCare premium hikes “to be higher than we saw in previous years,”
Last year’s ObamaCare numbers saw double-digit rate increases across the country.
Very telling is who Tavenner is.
She helped bring ObamaCare to life and as late as November 2014, she was boasting how “the Affordable Care Act is working to improve competition and choice among marketplace plans.”
Now she has thrown Obama under the bus, jumping sides from supporter to telling the American people the truth!
There is hope!
Another reason for the spike in ObamaCare premiums is the continual downward spiral of support for the hoax.
ObamaCare exchanges are not attracting enough young and healthy people needed to keep the premiums down. People just are not enrolling!
ObamaCare enrollment dropped an average of more than 14% in five states, just since since February, which is a faster rate of decline than last year!
The whole scheme is falling to pieces! Didn’t we know it would?
Sen. John Barrasso goes ‘On the Record’ on why he believes ObamaCare is slowly imploding and could collapse in its third year of enrollment…back in November…seems he was right!