Looks like the AFFORDABLE care act is not so affordable after all…
There is a report that CoOpportunity Health, an Obamacare created insurer, might end up costing taxpayers millions of dollars because it is going belly up.
Yep, the great socialized medicine experiment that continues to be a disaster is claiming an insurance company set up specifically to provide insurance under Obamacare is losing money and will die a long and painful death, painful to the tune of 140 MILLION taxpayer dollars.
This is but another piece of evidence that Obamacare is a disaster, costs too much, and will end up adding to the financial burden taxpayers already have.
Now this company might end up staying in business but it will only do so if the taxpayer injects millions of dollars into the company. That will allow it to pay some bills and continue operating but at what future cost?
If it was unable to make it in the lean years of Obamacare what will happen when the additional burdens that were pushed off to avoid election issues kick in? Will the company continue to lose money hand over fist and will the government dole out more taxpayer money in the same fashion?
That was the bad news. The worse news is that there are six other co-ops that are in deep financial trouble because of low enrollment and “other pressures” (read expensive regulations and rules coupled with high costs for service).
The really bad news is that Louisiana Health Co-operative will shut down at the end of the year for many of the same reasons.
Obamacare insurances are failing in a market that Obama and his supporters claimed would be friendly to insurance companies and those they insure.
I guess everyone who said these things would be a disaster were right all along.
Don’t expect Obama or those who rammed all this down our throats to report the bad news or take responsibility.
Liberals are morons who want you to believe that it is possible to pick up a turd by the clean end….
Never surrender, never submit.