Obamacare designed to fail

Dave Oliveria likes Obamacare. That’s an opinion he shares with health insurance companies. Since Obamacare was passed, the stock prices of the five largest health insurers have increased 260 percent, or over three and one-half times. AARP is the largest health insurer by a long ways, with a market cap of $132 billion. Oops, I mean United Healthcare (AARP is only its majority shareholder).

Any wonder why AARP threw seniors under the bus and endorsed Obamacare? The reason health insurers’ stock prices have increased so much is that they’re charging full coverage prices for what are essentially major medical policies, what with the high deductibles and co-pays.

I see that some insurance companies are requesting double-digit premium increases for next year. That will be tough on the few that are actually paying full premiums, as opposed to those who get subsidies (since the government has no way of checking, everyone should claim the subsidies). The taxpayer pays the difference.

If they’re not careful, health insurance companies will hasten the day Obamacare does what it was intended to do, i.e. fail. Then the government can heroically ride in and save us from the evil insurance companies with its single payer plan.

Michael Helland

Elk