Published On: Fri, Oct 21st, 2016

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

The Chicago Tribune’s “Why Obamacare failed” highlights problems from the unlikely source: a liberal newspaper from President’s Obama home state.

Here are some high points:

Obamacare failed because it flunked Economics 101 and Human Nature 101.

The article points out that the mandates make coverage expensive and “It wasn’t flexible enough so that people could buy as much coverage as they wanted and could afford — not what the government dictated.”

Confirming what the critics said: “Many healthy people primarily want catastrophic coverage.”

Obamacare failed because the penalties for going uncovered are too low when stacked against its skyrocketing premium costs.

The penalties are laughable. In 2017, the fee is “$695 per adult” so it’s just cheaper to opt out.


Obamacare failed because insurance is based on risk pools — that is, the lucky subsidize the unlucky.

“Obamacare’s rules hamstring insurers. They can’t exclude people for pre-existing conditions, and can’t charge older customers more than three times as much as the young,” the article states, noting that these are “good goals” but “they skew the market in ways Obamacare didn’t figure out how to offset.”


Obamacare failed because it allowed Americans to sign up after they got sick and needed help paying all those medical bills.

“Insurance should be structured so that, although you don’t know if you’ll need it, you pay for it anyway, just in case; your alternative is financial doom.”

Obamacare failed because it hasn’t tamed U.S. medical costs.

“People who get coverage use it, especially if the law mandates free preventive care. Iron law of economics: Nothing is free; someone pays.”


Obamacare failed because too many carriers simply can’t cover expenses, let alone turn a profit, in this rigidly controlled system.

Blue Cross and Blue Shield is mentioned but United Healthcare and Aetna drop out next year.


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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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