The Divider in Chief Continues His Nonsense … Obama Attacks Republicans In Weekly Address, Says GOP Is Rooting for Obamacare to Fail … It Already is a Failure

Does this guy ever stop with the negativity and division? I hate to inform you President Obama, the GOP is not rooting for the failure of Obamacare … IT ALREADY IS A FAILURE.

Not only do 60% of Americans think the Obamacare implementation is a joke, but the premise and model of Obamacare is a lie and failure. President Barack Obama promised that Obamacare would lower premiums. Barack Onama promised that if you liked your doctor, you could keep your doctor. Obama promised that with Obamacare, if you liked your health care plan, you could keep your health care plan. ALL WERE LIES.  Hmm, 500,000 people lose their health insurance plans in California. Wait there is more bad news, more Americans in 3 states have had their insurance canceled under ObamaCare than have filed an exchange account in all 50 states. I believe that would be deemed a failure. But it gets even worse. The entire point of the Ponzi scheme known as Obamacare is for young, healthy, non-subsidized individuals to pay for the older, sick, poor ones. In order for the model to work at least half, if not more healthy young folks need to sign up in order to redistribute the wealth. The majority cannot be Obamacaid. However, that is not remotely occurring. As reported at Bloomberg, in almost half the states with exchanges, the overwhelming majority of enrollments are coming from Medicaid, not the new insurance markets.

That’s a problem for three reasons. First, signing up for Medicaid is a comparatively simple process, which means that we don’t really know how well things are going on the private side in many of these states. Second, insurance products need a pretty big pool of customers in order to be stable; otherwise, there’s too big a risk that you’ll have a wildly disproportionate number of sick people. Obamacare has risk-adjustment mechanisms to try to mitigate this problem, which I discussed the other day, but they only defray some of the expenses for an insurer that gets too many sick people. Besides, the mechanisms are only temporary; they go away after 2016.

The third reason to worry is our old friend adverse selection. If relatively few people are buying insurance in the private marketplace, those people are likely to be older and sicker than the population that was projected to enroll. That makes it likely that premiums will rise quite a bit next year, scaring off young, healthy people even more.

From The Hill:

President Obama blasted GOP opponents of his healthcare law as hypocrites after Republicans expressed concerns about the rocky rollout of HealthCare.gov.

In his weekly address, Obama suggested that the GOP’s focus on the issue was in bad faith because Republicans have pushed for years to repeal, defund or dismantle ObamaCare.

Republicans “spent the last few years so obsessed with denying … people access to health insurance that they just shut down the government and threatened default over it,” Obama said.

“It’s well past the time for folks to stop rooting for [the law's] failure.”

Obama’s comments come after a tough week for the administration. HealthCare.gov, the online enrollment portal for ObamaCare coverage, remained mired in problems in its fourth week.

The rollout has drawn fire from Republicans and Democrats alike, including former members of the administration.

Sorry, but Obamacare and this Healthcare.gov website has nothing to do with helping people or making health care better. It is all about control. Why else do you think that one has to enroll first providing all their information as opposed to being able to search and review plans and costs anonymously as you can on most every insurance site?