Sunday, August 28, 2016

Obamacare exchange sign-ups fall FAR SHORT of forecasts exactly the way Obama and Democrats designed it to set up single payer

This is happening exactly the way Democrats designed ObamaCare to fail so people would be frustrated and demand government fix their mess. 
The solution was always a single payer government pays all system so they can have control over people’s lives.

Washington Post reports enrollment in the insurance exchanges for President Obama’s signature health-care law is at less than half the initial forecast, pushing several major insurance companies to stop offering health plans in certain markets because of significant financial losses. 

As a result, the administration’s promise of a menu of health-plan choices has been replaced by a grim, though preliminary, forecast: Next year, more than 1 in 4 counties are at risk of having a single insurer on its exchange, said Cynthia Cox, who studies health reform for the Kaiser Family Foundation.

Debate over how perilous the predicament is for the Affordable Care Act, commonly called Obamacare, is nearly as partisan as the divide over the law itself. But at the root of the problem is this: The success of the law depends fundamentally on the exchanges being profitable for insurers — and that requires more people to sign up. 

In February 2013, the Congressional Budget Office predicted that 24 million people would buy health coverage through the federally and state-operated online exchanges by this year. Just 11.1 million people were signed up as of late March.

Exchanges are marketplaces where people who do not receive health benefits through a job can buy private insurance, often with government subsidies.

More here

The alternative media which this blog is a part, reported this was coming seven years ago.  ObamaCare was never supposed to work from the beginning.