Read the whole article. You’ll be better informed – if a bit
disgusted – if you do.
This means that by the end
of 2016, only one or two of the original 23 non-profit health insurance
providers is likely to survive. These are
the organizations Obama promised would make for-profit insurers reduce prices and
improve services. Another promise not delivered.
These co-ops were sold to a
credulous (Jonathan Gruber said "gullible") American public who still
very much want to believe that the reason for high medical insurance premiums
is (a) excessive insurance company profits and (b) greedy, overpaid insurance
executives.
But no one who understands why
insurance premiums are high can be one bit surprised at these co-op failures.
The co-ops, like Obamacare itself, stand on a fundamental, fatal flaw: they
address a symptom of the problem (high medical insurance cost) as though it were
the disease itself (high medical care cost). As Nipsy Russell might have
observed, the Obama administration's health policy is running thru Hell in
gasoline pants.
None of us would willingly visit a
physician who treated only symptoms and ignored real ailments. But that is
exactly what the people behind Obamacare - and these failed co-ops - have been
telling us to do for the last 7 years.
As a result, the ailment has
worsened, and we are not only sicker, but poorer for it.
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