Wednesday, October 23, 2013

Obamacare will cause fewer Americans to have insurance

Here's the story:
House Speaker John A. Boehner predicted Wednesday that by the end of the month, more Americans will have lost their insurance by being kicked off existing health plans than the number who were able to sign up in the flawed online website.

And the early numbers may back him up.

Kaiser Health News reported this week that hundreds of thousands of Americans have received notices from their insurers canceling their policies: 300,000 from Florida Blue and 160,000 from Kaiser Permanente in California.

One industry analyst told Kaiser Health News the moves may be a way of insurers ridding their own rolls of costly consumers they don’t want, and pushing those people onto the federal health exchanges.
From the Washington Times.

I heard a radio news report that those signing up through to date seem to be largely people who didn't know they qualified for Medicare, so they're not the young, healthy demographic needed to support the program. 

I've always thought the intent was to collapse the private insurance market and force single payer on the U.S.  Many of my friends on the Left agree, and believe the ACA (Obamacare) is brilliantly designed to fail and bring about that result.  That seems to be the direction we're headed at present.

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