It Was Only A Matter of Time … ObamaCare’s Meltdown Has Arrived

From the WSJ comes one of the most predictable outcomes ever … The ObamaCare’s Meltdown Has Arrived

The day has finally come where Obamacare implodes. Obamacare was a scam from the outset and had no way of ever succeeding. But that did not stop Barack Obama and the Democrats from forcing this down the throats of Americans who wanted no part of it. The failed act called the Affordable Healthcare plan would be considered a hysterical laugh out loud riot, if it wasn’t so damning and devastating to so many people. Isn’t it remarkable that Obamacare is melting down as Obama is leaving office? Think that wasn’t intentional America? If not, then you also believe that you can keep your insurance plan, doctor and hospital under Obamacare. Obama knew this was a lie, so did Jonathon Gruber, one of the main architects of Obamacare. Hell, Bill Clinton just told you the other day called Obamacare a “crazy system” and it was killing small business.

There was a reason why Obamacare was the Politifacts 2013 LIE OF THE YEAR … “If You Like Your Health Care Plan, You Can Keep It” … #YouLie

Tennessee is ground zero for ObamaCare’s nationwide implosion. Late last month the state insurance commissioner, Julie Mix McPeak, approved premium increases of up to 62% in a bid to save the exchange set up under the Affordable Care Act. “I would characterize the exchange market in Tennessee as very near collapse,” she said.

Then last week BlueCross BlueShield of Tennessee announced it would leave three of the state’s largest exchange markets—Nashville, Memphis and Knoxville. “We have experienced losses approaching $500 million over the course of three years on ACA plans,” the company said, “which is unsustainable.” As a result, more than 100,000 Tennesseans will be forced to seek out new coverage for 2017.

BlueCross is only the latest insurer to head for the exits. Community Health Alliance, the insurance co-op established under ObamaCare, is winding down due to financial failure, leaving 30,000 people without coverage. UnitedHealthcare said in April it is departing Tennessee’s exchange after significant losses. That’s another 41,000 people needing new plans.

GRUBER: “American voters are too stupid to understand the difference

All told, more than 60% of our state’s ObamaCare consumers will lose their coverage heading into 2017. When they go in search of a replacement plan, they will confront two unfortunate realities: a dearth of options and skyrocketing costs.

Seventy-three out of Tennessee’s 95 counties will have only one insurer on the exchange, meaning no meaningful competition whatsoever. In regions where BlueCross BlueShield is pulling out, there will be two remaining major carriers, Cigna and Humana. The only large metro area with more options will be Chattanooga.

As the Instupundit opines, “Leave it to government to force a marketplace into existence, where people are coerced into buying something many of them can’t afford to use, and which sellers still lose money selling. And then leave it to government to blame free markets for the failure.”

Trump should pound this over and over again in the next debate, especially the fact that Hillary is all in on a failed system and her own husband knows it to be crazy.