ObamaCare was enacted on a promise to attract 20 million people to sign up for health insurance, but only 13 million have signed up. Even worse, too many unhealthy people have signed up without enough young, healthy people enrolling to offset expenses. Last November, premiums shot up again in many areas of our country. In Alaska, for example, health insurance premiums jumped by 31.5%, while in Mississippi the premiums rose by 36%. ObamaCare can never work because people can sign up to get lots of expensive medical care in a few months, and then stop paying for the insurance. Many healthy people decline to pay the skyrocketing premiums, while many unhealthy people needing costly medical care will increasingly find ways to take advantage of the system.
The U.S. Supreme Court upheld how this law coerces people into buying health insurance, but nothing requires health insurance companies to participate. Insurers reportedly lost money on ObamaCare in 41 states. If Congress and the next President do not repeal ObamaCare, it may collapse on its own.
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