September 6, 2016
Obamacare’s government-run insurance markets are collapsing. Insurers are losing millions of dollars — and proposing double-digit premium hikes combined with high deductibles to try to stanch the bleeding. It’s no wonder that exchange enrollment is roughly half what the Congressional Budget Office predicted.
So what’s the left’s answer to this government-caused debacle? More government, naturally. This time, Obamacare’s partisans are calling for a new government-run insurer to compete against private insurers in the exchanges. This “public option” is only a precursor to a full-blown, government-run, single-payer healthcare system.
Thanks to Aetna’s decision to pull out of all but four states — and defections by UnitedHealth, Humana, Blue Cross, and others — one-third of the country will have only one insurance carrier to choose from next year. According to Avalere, a consultancy, Alaska, Alabama, Kansas, North Carolina, Oklahoma, South Carolina, and Wyoming will have just one insurer per rating region statewide. As of right now, there will be no insurers on the exchange in Pinal County, Arizona.
Read the full article at Forbes.com: The 'Public Option' Is Just Single-Payer on the Installment Plan