Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… ObamaCrapCare strikes Again [#health insurance co – operatives]…

Posted by paulfromwloh on Thursday,October 13th,2016

.. yup , the power of the ObamaCrapCare Devil strikes again …

.. this time , it is about a little thing called ” health insurance cooperatives . ”

.. there were 23 of them launched around the United States . They were brought into being with about $2.5 billion in taxpayer money . One would think that , after nearly 3 years , these co – ops would have had a chance to become going concerns . They have not ..

.. [h/t — NYPost.com/Editorial]..
.. [link] to the blog post ..

.. 8 of them are dead or dying . 13 more of them are headed in that direction . That accounts for all but 2 of them . I would expect the other 2 coops to follow suit , as well …

.. What gives ? ..

.. the dummies in the government [the ObamaCraps in the government , and the loonie lefties in Congress] have never made a payroll , made a product , or have produced a service . They do not know what it means to be in business , much less run one . Yet these dumbbells designed these damn coops ..

.. the enrollees in the co-ops , as many predicted , were far older and sicker than the folks expected . As a result , the premiums charged for the health insurance were far , far too low . Also , the restrictions imposed by OCC did not allow these coops to charges fees and premiums that were suffiecient enough to meet costs . So , what happens ?? ..

.. the cooperatives collapse .. and the ” death spiral ” begins …

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