Taxpayers are stuck with losses of $1 billion in federal loans made to these co-ops to get them started. They were supposed to provide an alternative to the expensive commercial health insurance companies, which are consolidating and reducing health insurance options for Americans. The growth in the number of people who get insurance through the Obamacare exchanges, provided on the “healthcare.gov” website, has sharply declined. The Obama Administration lowered its goal of the total number of Americans covered by these health insurance exchanges to only 10 million people for 2016, a small fraction of the Americans who are uninsured. Six years after the Affordable Care Act was passed, tens of millions of Americans are still without health insurance.
Medicaid, which is health insurance for the poor, has expanded vastly at taxpayer expense but many doctors do not accept Medicaid. So millions who have enrolled in Medicaid may not really see much improvement in their access to quality medical care. What Obamacare has accomplished is to drive up the cost of commercial health insurance for those who do pay for it. In the average American county, Obamacare has increased the expense of individual health insurance by nearly 50%. More double-digit price hikes are in store for next year. American voters may soon realize that it will take a courageous new President to end the scourge of Obamacare.
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