While Democrats protest President Trump’s latest moves to fix the mess Obamacare has become, the ceiling on the Affordable Care Act is caving in. Health insurance giant Aetna said it will exit all Obamacare exchanges in 2018, citing significant losses.
Aetna is only the latest health care giant to drop out of the Obamacare fiasco. At the rate insurance companies are leaving the plan, it will fail under its own weight whether the Trump administration does something or not.
Meanwhile, the liberal left has contracted amnesia. It’s leaders, including Sen Charles Schumer and Rep. Nancy Pelosi bitch and moan about any moves the Trump administration makes while forgetting it was their party that voted in the law without one Republican vote.
Selective Democrat memory appears to be the name of the game in Washington when it comes to FBI Director Comey (liked him and then hated him, then like him again), scandals that affect the Republicans and silence on those that don’t and past indiscretions, especially their own nominee for president in 2016.
The operative word is hypocrisy. The Democrats have plenty of that to go around and little else. Not one word about jobs, the economy or anything else, but fact-less Russian conspiracies and no cooperation on even the smallest of law-related work.
Meanwhile, Obamacare spins out of control as Aetna announces it will withdraw from its two remaining exchanges in Delaware and Nebraska next year. The insurance giant announced earlier that would it would pull out its Iowa and Virginia exchanges as well.
There is basically no competition left for the consumer and that is exactly how Obamacare was designed in the first place. Remember the selective memory. The Democrats will deny that, but even the man who designed it is on record as saying that was exactly the intention from the beginning.
TJ Crawford, an Aetna spokesman, summed up what United Healthcare and other giants that have left Obamacare would say also. “Our individual commercial products lost nearly $700 million between 2014 and 2016, and are projected to lose more than $200 million in 2017 despite a significant reduction in membership.”
Does the left expect companies to continuously lose money in a capitalistic society? The answer is yes and no. The designation of many presidential hopefuls on the left is to socialize the United States, reach out to the most common denominator and adhere to the weakest link in the chain. In this case, an entire health system that constitutes one-sixth of the nation’s economy is being predicated on seven percent of its population.
What the media arm of the Democratic Party won’t tell you is what TJ Crawford added in his remarks. Obamacare’s structural issues “have led to co-op failures and carrier exits, and subsequent deterioration.” That means it was a disastrous bill and an even more chaotic law that was doomed from day one to utter failure.
Is that President Trump’s fault? Should we not as a nation try to do something to get the ball rolling again with sane premiums that are affordable? Don’t ask Nancy Pelosi, Elizabeth Warren, Hillary Clinton or the rest of the nay-sayers. Their mission is to obstruct the president on even what he wants for lunch. That is the plan and they are sticking by it.
The fact is, until this country becomes another Sweden, insurers, including Aetna, lost money on the Obamacare exchanges because not enough young people signed up for insurance on the public exchanges to offset the cost of older and sicker individuals.
That is called “market economy” liberals.
Health and Human Services Secretary Tom Price said it best. Aetna’s move “adds to the mountain of evidence that Obamacare has failed the American people. Repealing and replacing it with patient-centered solutions that stabilize the marketplace to bring down costs and increase choices is the only solution.”
So for liberal snowflakes, it is back to the streets, shout down those that want to save America’s health care and burn a lot of cars. Anyone getting sick of this yet?