Published On: Fri, Oct 21st, 2016

Obamacare headed to even higher prices, ‘disastrous rollout of the exchanges’ called a ‘policy failure’

The Affordable Care Act is hardly affordable and headed towards more financial woes as the new year closes in.

The Daily Signal notes that “the federal subsidy system is so poorly designed that in 2015 half of the lower-income people receiving subsidies ended up owing the government money. At the same time, health insurance deductibles skyrocketed. Still, there is a mandate to buy the federally approved insurance.”

Ahead of the November 1 launch of the 2017 open enrollment period for ObamaCare, FreedomWorks CEO Adam Brandon commented:

photo Will O'Neill via Flickr

photo Will O’Neill via Flickr

“The Congressional Budget Office once projected that 24 million people would enroll in health plans available through the ObamaCare exchanges in 2016. That projection has gone up in smoke. The disastrous rollout of the exchanges, coupled with the cost health plans and the narrow physician networks, led to much lower enrollment figures. The administration even revised down enrollment estimates by 30 percent and had the audacity to take a victory lap after it had moved the goalposts to claim success.”

“The truth is ObamaCare has been a policy failure. As premiums rise, more and more people are waking up to the harsh realities and sticker shock of extreme government intervention in the health care system. Before its toxic tendrils spread any further, before it sends our health care system into a death spiral, ObamaCare needs to be cut out and replaced with a sensible patient-centered model.”

A new McKinsey & Co. analysis of insurance plan filings for 18 states shows that 75 percent of the offering on the 2017 exchanges will be HMOs with narrow networks.

Independent analysts, such as Standard & Poor’s, are projecting a modest growth (possibly even a decline) in enrollment.

FreedomWorks aims to educate, build, and mobilize the largest network of activists advocating the principles of smaller government, lower taxes, free markets, personal liberty and the rule of law. For more information, please visit www.FreedomWorks.org

Continue reading: Chicago Tribune’s article on “Why Obamacare Failed”

photo LaDawna Howard via Flickr

photo LaDawna Howard via Flick’

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About the Author

- Catherine "Kaye" Wonderhouse, a proud descendant of the Wunderhaus family is the Colorado Correspondent who will add more coverage, interviews and reports from this midwest area.

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