Fact: Obamacare is failing

Some sad facts on Obamacare (that is, this isn’t up for debate):

Average premium increases above 25%, roughly one-third of U.S. counties projected to lack any competition in the Affordable Care Act (ACA) exchanges next year, and enrollment less than half of initial expectations provide strong evidence that the law’s exchange program is failing. Moreover, the failure is occurring despite massive government subsidies, including nearly $15 billion of unlawful payments, for participating insurers. As bad news pours in and with a potentially very rough 2017 open enrollment period ahead, the Obama administration signaled on Friday that it may defy Congress and bail out insurers through the risk corridor program.

More from the Mercatus Center.

Posted by Nick Freiling

Founder/Director of PeopleFish. I write on technology, market research and economics. Bylines at Startup Grind, FEE, the American Enterprise Institute and the Mises Institute.

One Reply to “Fact: Obamacare is failing”

  1. The question then becomes, “Where do we go from here? ” This will become HUGE in 2017.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *