Obamacare Close to Collapse

August 19, 2016 AFP Archive 2

• Another ill-planned policy blunder by the elite in Washington.

By the Staff at AFP —

The Washington Post is reporting that insurance giant Aetna has decided to cease offering almost all of its individual health coverage through the Patient Protection and Affordable Care Act, commonly referred to as the Affordable Care Act, or Obamacare. Around 80% of Aetna’s customers will be affected in 11 of the 15 states where it offers coverage through Obamacare, which will soon collapse.

Aetna’s announcement “was the latest sign that large insurers are losing money in the Affordable Care Act’s marketplaces, heightening concerns about the long-term stability of a key part of Obama’s domestic policy legacy,” reported the Post.

Wall Street is of course calling the shots.

“If insurers continue to lose money, more are likely to withdraw from the marketplaces, a move that would reduce choices for consumers and could contribute to higher premiums,” writes the Post.

In one county, Aetna’s 2017 exit “could leave no insurers offering policies through its marketplace.”

Another insurer, Humana, said earlier this month that it will cut back its involvement in Obamacare. Ditto for UnitedHealth. Anthem and Cigna have said they are both losing money with Obamacare.

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2 Comments on Obamacare Close to Collapse

Henry August 20, 2016 at 22:55

The useful idiots don’t have it in their DNA makeup to understand that the Zionists fake Jewish Banking Oligarchs of the Federal Reserve System introduced Obamacare, which the Zionists designed from the outset to fail, thus destroying the Private Health Care System leaving millions of Americans uninsured in their quest to destroy the U.S. Constitution and bring the U.S. under a global governance.
Joe Putnam August 19, 2016 at 09:38

Good. From a Constitutional perspective, it wood be good for Obamacare to collapse. The government has no business mandating what products or services people buy. Also, the government should not be interfering in the medical industry, driving up cost of news medicines and treatments—and banning some good treatments available in other countries! Where is the licensing of doctors in the Constitution? By the way, I am an Obamacare protester and I do not have any medical insurance.

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