The Utter Financial Disaster of Obamacare

1434

In my 2014 book, “Redistribution of Common Sense – Selected Commentaries of the Obama Administration 2009-2014,” I outlined how the Affordable Care Act was fashioned for all the bad parts to begin when Barack Obama left the White House. That is precisely what is happening and the American people have been given a six-year ride of lies and miscalculations.

This is the truth I put forth in the book; Premiums for those by buying insurance under the Affordable Care Act will go up on average by 25 percent, according to the Associated Press. Meantime, about twenty-five percent will be down to just a single insurer to choose from as carriers such as UnitedHealth Group, Humana and Aetna flee the money-losing Obamacare scheme. The word “scheme” is not a mistake.

Obamacare was written to fail. The strategy was to see the entire healthcare industry and insurance companies be brought to their financial knees with the result being single-payer health insurance. Translated, that means one person insured, one source for that health insurance and that means the government, since private sector insurers have opted out of the failed experiment which is not a failure for the scheming Obama administration.

“We passed the bill. Now we know what’s in it!” That famous message from then-House Speaker and ultra-liberal Nancy Pelosi (D-SF) fell on deaf ears from a liberal media that didn’t do its job; informing America.

Financial Disaster of Obamacare
The Obamacare Trainwreck Driver Tries To Stop Before Destroying Everything, Including Itself.

Had enough? Not quite yet:

51vQJpO25mL. SL160  - The Utter Financial Disaster of Obamacareir?t=smallbusin0f7 20&l=li2&o=1&a=B00LMU9TTU - The Utter Financial Disaster of Obamacare

According to AP, in some states, the premium increases are striking. In Arizona, unsubsidized premiums for a 27-year-old buying a benchmark “second-lowest cost silver plan” will jump by 116 percent, from $196 to $422, according to the administration report. Oklahoma has the next biggest increase for a similarly situated customer, 69 percent.

“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.

On Tuesday, presidential candidate and successful real estate mogul Donald Trump called the 25 percent increase an outright lie by the Obama administration. He said it will be far more, and he’s right. For those skeptics who will follow Barack Obama to the healthcare abyss, let me say that you believed the utopia of government subsidized health insurance. It is just the latest example of what the federal government is doing to the lives and freedom of this country’s citizens.

Dwight L. Schwab Jr. is a moderate conservative who looks at all sides of a story, then speaks his mind. He has written more than 3500 national political and foreign affairs columns. His BS in journalism from the University of Oregon, with minors in political science and American history stands him in good stead for his writing.

Publishing

Dwight has 30-years in the publishing industry, including ABC/Cap Cities and International Thomson. His first book, “Redistribution of Common Sense – Selective Commentaries on the Obama Administration 2009-2014,” was published in July, 2014. “The Game Changer – America’s Most Stunning Presidential Election in History,” was published in April 2017.

Location

Dwight is a native of Portland, Oregon, and now a resident of the San Francisco Bay Area.

Get notification of new stories by Dwight L. Schwab Jr., in your Email.