Newest reports have stated that Anthem, the insurance company giant has decided to pull itself from the Obamacare marketplace, as the system collapses in on itself, which is obvious to anyone that has not been living in a cave for the past 8 years.
Reports from the Washington Examiner state that Republicans are always in on the matter that Obamacare is collapsing, which despite being just an overstatement, is still closer to reality than the claims of the Democrats that the law is working well and going strong, and can only fall apart because it is being undermined by the Republicans. The latest proof of this is Anthem’s most recent decision to withdraw from most or all of the Obamacare markets where it currently participates.
For the first time, this year, the residents of one-third of the U.S. countries can choose only one insurance provider. This decision which was driven by the lack of profitability that the company was facing as a result of the Obamacare exchanges, means that next year, there will probably be zero choices in some places.
It is a well-known fact that Obamacare created a massive subsidized insurance exchange within the broader individual health insurance market, all at a great expense and with many complications in the process. Today, around 12 million Americans participate in that exchange with a number that has grown sharply back in 2013 mainly because a large number of the new customers are becoming older and sicker and because insurance is now required to cover many things that it did not have to before.
To sum things up, Obamacare must be replaced immediately. It is draining the American economy and the American companies.
What are your thoughts on this? Do you want Obamacare gone?