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In Fact, Professor Reinhardt, This Is Obamacare's Fourth Death Spiral
Cato Institute [Opinion] Sept. 8, 2016 "[1] Before they even took effect, ObamaCare's preexisting conditions provisions began driving insurers out of the market for child-only health insurance. Insurers ultimately exited that market in 39 states, causing the markets in 17 states to collapse. [2] ObamaCare's long-term care insurance program -- the CLASS Act -- failed to launch when the administration could not make it financially sustainable.... [3] Exchanges effectively collapsed in every U.S. territory, again prior to launch. [4] Now, a nationwide exodus of insurers has left one third of counties, one in six residents and seven states with only one carrier. In Pinal County, Arizona, every insurer has exited the Exchange." |
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