The Failed ObamaCare: Lost Issue of the Presidential Race

Unfortunately, the Republicans have once again chosen a presidential candidate who is unable to and uninterested in fighting a major suppression of individual rights, namely the Patient Protection and Affordable Care Act known as ObamaCare.  This big government effort to claim the collective ownership of everyone's mind and body should still be a critical issue with those of us who value our liberties.

The American Enterprise Institute has produced a series of articles about the failures of parts of the ObamaCare Act.  The latest article (1 August 2016) says about the cooperatives set up by ObamaCare:

Twenty-three plans, funded with $2.4 billion in government loans, opened enrollment in 2013. By the end of 2015, 12 plans had failed, leaving $1.3 billion in delinquent loans, more than 700,000 people in 13 states scrambling for coverage, and hospitals and doctors with hundreds of millions of dollars in losses uncovered by the assets of the failed co-ops.

This result is hardly surprising. The people running the co-ops had no experience running an insurance company — co-ops were forbidden to have anyone affiliated with insurers on their boards. Their premiums were too low and their benefits too high. The failed co-ops went on to lose $376 million in 2014 and more than a billion in 2015. Only one co-op turned a profit in 2014, and all lost money in 2015. 

The complete article is here.