Thursday, October 22, 2015

OBAMACARE: The Train Wreck Keeps Rolling as Enrollment Flatlines and the 6th Insurance Co-Op Fails

That sound you hear is your Taxpayer dollars being flushed down the hopper:
Health Reform: Amid massive premium increases, the administration says that ObamaCare enrollment will flatline next year. This news comes just as health insurance co-op No. 6 goes belly-up. The train wreck continues.
With less than a month to go before ObamaCare open enrollment starts, the Health and Human Services Department has massively downgraded how many it expects will sign up. In a report released Thursday, HHS said that enrollment will be between 9.4 million and 11.4 million by the end of next year.
In other words, enrollment will be about half what the Congressional Budget Office projected. And at the low end, it means that ObamaCare enrollment will have declined from where it was in March of this year, when HHS bragged that 10.2 million were covered.
There goes more of your Tax Dollars
This terrible forecast comes in the wake of the massive rate increases that insurers across the country requested for 2016, some of which were as high as 50% and many of which state regulators are approving, despite administration promises that they'd be knocked down.
Flat enrollment also comes even though ObamaCare's penalty for not being insured is going up. Next year, the fine for not buying government-approved insurance will climb to $695 per person or 2.5% of household income, whichever is greater.
Read the rest of the story HERE.

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