With so much going on in the world—all of it bad if not catastrophic—we tend to forget that Barack Obama and the Democrat party are responsible for destroying the world’s greatest health care system.
Which is not to say that it was perfect. Nothing is. But one simple improvement would allow citizens to purchase health insurance plans across state lines. This would immediately bring down costs and improve coverage. Competition among insurance companies is a good thing. But that would mean allowing the free market to operate and the Democrat party believes, first and foremost, in top-down, iron-fisted centralized government.
Of course, our ruling elites, just like the ruling elites of Communist societies, are not subject to the inefficiencies, indignities and high cost of ObamaCare. What’s good for us, is not even remotely acceptable to liberal fascists.
The Washington Free Beacon reports on the continuing disaster that is ObamaCare.
A total of $1.23 billion in federal taxpayer dollars has now been sunk in 12 of 23 co-ops created under Obamacare that have gone out of business, representing another Obamacare failure, lawmakers say.
Co-ops in Arizona and Michigan went out of business last week, adding themselves to the 10 that have already failed in Utah, Kentucky, New York, Nevada, Louisiana, Oregon, Colorado, Tennessee, South Carolina, and a co-op that served both Iowa and Nebraska.
Experts and congressmen say the co-ops failed because of artificially low premiums, strict regulations, and too many people requiring payouts.
“This was set up for failure from day one,” said Rep. Chris Collins (R., N.Y) at a House Energy and Commerce committee hearing evaluating the failed-co-ops on Thursday. “Insurance companies knew it was going to fail, they released a product that was underpriced, they could not make money.”
“We’re here because Obamacare was set up for failure, it was set up to encourage low premiums, to deceive the American public,” Collins said. “Everyone knew these products were underpriced and they were going to make it up on the backs of taxpayers and that’s why we’re here today.”