The repeal of Obamacare may be happening with or without congress’ help.
Only four of the original 24 Obamacare health co-ops remain standing after Maryland’s co-op announced Dec. 8 it was suspending the sale of individual health insurance policies, the Daily Caller News Foundation Investigative Group has found.
With the near-collapse of Maryland’s co-op — called Evergreen Health — at least 989,000 individuals nationwide have lost their health insurance coverage when the nonprofit co-ops stopped selling insurance to customers, according to TheDCNF’s tally.
The losses cost taxpayers at least $2.2 billion in upfront federal loans awarded by the Obama administration to 24 nonprofit co-ops under Obamacare. The co-ops were intended to help keep health care costs down by providing non-profit competition with commercial for-profit insurers.
The losses do not include statewide costs where the state or local governments were forced to cover doctor and hospital bills that the failed co-ops could not pay from remaining revenues.
In many cases, those losses were substantial. In New York alone, state taxpayers face at least $200 million in costs owed to medical providers that the bankrupt Health Republic co-op could not cover, according to the Albany Business Review.
Obamacare’s approval rate has always been under water, and now we’re finally seeing the effects of its unpopularity. Citizens are voting with their wallets, and they’re not buying what Obamacare is selling.
Source: Daily Caller News Foundation
Let it die on it’s own.
I hope obama gets erased too
#FakeNews
It’s absurd to allow grown adults to ride mom & dads insurance till 26. They are grown adults & need to step up and act like it. I agree that ACA should be allowed to collapse under its own weight, be working on a replacement now and fix all the flaws. Let all those attached rider bills die with ACA. they are only there bcos he made deals to buy enough votes to get it passed.
Most people under 26 get screwed by part time and independent contractor jobs. Its hard to c**p out 700 a month on insurance. It also is hard to earn money to buy insurance if you are physically or mentally ill.
F**e news
Charles Presley I wish my insurance was 700 a month.
Thank God that c**p can be stoped.
I am 54 and have experienced many and all you can imagine in the health care system. Including illness, emergency and insurance private and government and none at all. I am on medicaid and it has confirmed what i was already fearing and experiencing. Only to a very serious and intentional plan that is clear and asked? If it don`t sound right it not and like we heard we are to stupid to ?????? To think people are not crazy enough to do deceitful and malicious harm. I do not use insurance.
President Trump repealed the worst part of this program…
The fine for Americans who did not buy it.