United Healthcare is pulling out of Obamcare exchanges next year. Why you ask? It’s losing over $1 Billion dollars.
They aren’t the only ones either, from Breitbart:
The Associated Press notes that some other big insurance players, such as Aetna, have reported heavy losses from the ACA exchanges, and are expected to “trim their exchange participation in 2017.”
Also..
The Hill acknowledged that some of the much larger players, including Blue Cross Blue Shield, “have also raised the prospect of dropping off the marketplaces.”
Some of these providers have made it clear that only substantial premium increases – which taxpayers will be looted without mercy to subsidize, so ObamaCare enrollees don’t panic and drop their coverage – will keep them in the program.
So, only the increase in healthcare premiums will keep the systems afloat…
We need a little more time to PROVE that this was never going to work, and Barack will go down as the worst president ever, with Jimmy Carter a distant second.