VIA| Obamacare has been on the verge of collapse for five years now.
Everyone who paid attention had access to the knowledge that President Barack Obama had the most liberal voting record in the Senate during his time there. That was enough for millions of us to vote against him.
When it comes to the companies that decided to take part in this damaged program, they thought they were going to make out royally – but with the low enrollment numbers, they’re starting to panic.
Fox News reports:
The Obama administration earlier this year announced they expect 10 million people to be covered through the exchanges by the end of 2016, lower than original Congressional Budget Office estimates. Insurance companies still continue to make money through employer-sponsored care as well.
The nation’s largest health insurer fired a shot across the bow of Obamacare on Thursday, citing flagging enrollment and high-risk customers in suggesting it may have to pull out of the exchanges in 2017.
UnitedHealth Group raised the alarm in an earnings update Thursday morning, with CEO Stephen J. Hemsley warning of dimming conditions in the market.
He pointed to lower enrollment forecasts and a concern that the exchanges are increasingly taking on less healthy – and therefore more costly – customers.
“In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated,” he said in a statement.
It’s going south quick!
Wait until everyone sees how much taxes they owe in April. Everyone forgets they now have to pay taxes on the portion of their benefits that their employer pays to cover them. I know my taxes will go up by several thousand dollars because of Obamacare.
Everyone will be voting next Republican November to repeal Obamacare. Not to mention no one will want Hillary Clinton as our commander-in-thief.
How hard could it have been for Congress to make a law saying: “You can’t deny health insurance for pre-existing conditions.”
Check out this video report: