And they called it the "Affordable" care act? A horror story: - Granite Grok

And they called it the “Affordable” care act? A horror story:

Stories for this Obamacare have all of the major insurance companies are pulling out of the Exchanges because of enormous losses,

Sidenote:  First, Democrats were all but ready to burn these same insurance companies for causing our healthcare industry because of a lust for greedy profits.  Now that they are suffering large fractional parts of a billion each and are pulling out of the Exchanges (due to legal fiduciary responsibilities to their shareholders) and pulling out of the Democrat only legislation created, mandated, and over-burdened the same, they are being put on the rack for “destroying” the Exchanges.

…the failure of the  majority of the faux facade co-ops that Government set up to be shining examples of non-profits that could make it (especially with billions of our tax dollars) and the news that individual policies on the Exchanges are SKYrocketing premiums / deductions and causing exactly the results we said would happen – a government mandated marketplace isn’t a marketplace and when government pushes its thumb down on the economic scale to create the results it wants, the results will be those they expected.  One person’s horror story:

Let’s lay that out. Minnesota House speaker Kurt Daudt told me about a local farming family of three that has to pay $2300 a month in premiums for 2016 for a policy with a $13,000 deductible. That’s $40,000 out of pocket before the first benefit outside of a standard wellness check (~$500 per person tops) gets covered. For some reason, they stuck with the insurance this year, but Minnesota’s rates will be going up 50-67% in 2017. On the low end, that’ll make their premiums $3450 a month, which escalates that threshold to over $54,000 with premiums and deductibles added together. That’s more than some hospitalizations would cost, so … why would they stay in the exchanges?

That’s not just unaffordable insurance, it is a perfect example of the middle class that has been economically raped by their Government in order to highly subsidize “the healthcare oppressed”. Of COURSE if you are receiving subsidies for your premium making it a cost of a milkshake a month (I jest, I jest – slightly), you’re a happy camper.

But as we are seeing, this is almost a reverse Socialism – the Socialists haven’t run out of money (yet) but this healthcare tax (because it is Government that has caused this situation for them) but is forcing its citizens to run out of THEIR money.

Seriously – $54,000 before your insurance kicks in?  And this is what Government calls “a marketplace”?  This is YOUR Government demanding sacrifices for its healthcare altar. And its sacrificial knife is being honed on the grindstone of the middle class.  We hear that Democrats (and wobbly Republicans) are wanting to “fix” it in a bipartisan way. I’ll tell you – any Republican that participates with ANY Dem on this is giving them cover for their massive egos when they passed it.  They will be making Republicans appear to own (and then be guilty, too) of this atrocity against we citizens.

Here is the plain truth – there IS no fix for this until Government figures out it IS, as Reagan said, the problem.  Until individuals are finally allowed, once again, to make their own decisions based on their own self-interest, their sense of acceptable risk, their own financial means, and their needs, there will be no fix that will work.  Until Government realizes that it is incompetent to take over and nationalize 1/6th of our economy and an entire industry, we’re all screwed.

(H/T: Hot Air)

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