Ronald Reagan told the American people: “The nine most terrifying words in the English language are ‘I’m from the government, and I’m here to help.’ ” Obama wanted to convince Americans that they were not terrifying. And the way he was going to do it was through the only great liberal legislative achievement of his presidency: Obamacare.
He failed. Even before he leaves office, Obamacare has begun unraveling. - Washington Post
For the handful of people that have been helped by Obamacare there are thousands who now have health insurance they cannot afford, or cannot afford to use.
Health insurance carriers have lost billions. These are the same carriers that, in the years prior to Obamacare, either made a small profit on health insurance (usually 2 - 4% of premiums) or broke even.
The president promised these insurers taxpayer bailouts if they lost money, but Congress in its wisdom passed legislation barring the use of taxpayer dollars to prop up the insurers. Without the bailouts, commercial insurers are being forced to eat their losses — while more than half of the Obamacare nonprofit insurance cooperatives created under the law failed.There is no way to spin this.
Obamacare is a failure.