I like how the GOP didn't spike-strip Obamacare, but just let enough air out of the tires so it will eventually wobble off into a ditch.
That's brutal.
Yes, it is brutal to leave in place all of the hospital killing regulations and then celebrate ******* over people who will lose their hospitals because of it. The mandate was not anywhere near the worst part of ObamaCare, it was just the most visible, the shiny object as it were.
And just like clockwork you ******* partisan hacks have been mesmerized by it.
The mandate was unconstitutional and unnecessary... absolutely. Dip shit
The major problem was that politicians and the public NEVER understood how health insurance works!
As a result here are several reasons for ACA failure.
To understand why so many insurers are leaving the health insurance exchanges, you first need to know how Obamacare was intended to work.
Obamacare was initially designed to
cover almost the entire U.S. population, including the young and healthy as well as the infirm.
Part of the way it hoped to lure younger, healthier into purchasing health insurance was by offering specialized health plans that were low cost and offered limited benefits like catastrophic coverage. The other way to include healthier enrollees was through the Individual Mandate which imposed a financial penalty on those without health coverage.
If more young people signed up for
health insurance, their financial contribution would help offset the cost of insuring the sicker enrollees. Unfortunately, younger people have not signed up for health insurance in the numbers that were expected to. Only
28 percent of enrollees in Obamacare in 2014 were in the 18 to 34 age group; Obamacare requires a 40 percent threshold to operate optimally. The young people that did sign up often chose low premium, high deductible plans that provided less financial offsets for insurers than expected.
This left many participating insurers primarily with enrollees who were sick and needed more costly care than expected. Under the Affordable Care Act, it became illegal for insurers to deny coverage to people with pre-existing conditions or to insure them at a higher cost. So many insurers who participated in the health exchanges were paying more to cover these sick, newly insured, and that is why many of them are leaving.
Why are Insurers Leaving the Health Insurance Exchanges - Boost! Health Insurance
Now while it seems obvious you have to have the "young healthy" participate, it was also necessary for insurers to have reserves to meet future claims.
With more unhealthy premium payers, broad coverage inclusions, and the need to meet states reserves, profits which create reserves were missing in the future.
Hence the withdrawal of many insurers and the hatred by Obama for capitalism i.e. profits fueled their exists!