politics

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Wednesday, April 8, 2015

Obamacare is currently on it’s last legs, and it was dealt some major blows that could spell the end of it.

First of all, healthcare premiums have continued to skyrocket under Obamacare. From 2013 to 2014, they increased a staggering 41%.

The issue with premiums rising is they cause “the healthiest policyholders, who already pay far more in premiums than they receive in benefits, to drop coverage.” When these policyholders drop coverage, it allows the insurance companies to raise premiums even higher.

Another big problem with Obamacare is not enough healthy young people have signed up. The administration expected 40% of signups to be from young adults who are healthy. Instead, only 28% of Obamacare users fit this category, meaning 72% of users are older and more likely to have health problems. This is a huge issue because young people are supposed to be the major contributors to the pool of money needed to keep Obamacare going.

Finally, there is the upcoming Supreme Court ruling in the case of King v. Burwell. If the Supreme Court rules against Obama, millions will lose their Obamacare subsidies, meaning their premiums will rise from $20-50 per month to at least $250 per month.

Taking all of these issues into account, it is clear that Obamacare is about to mercifully die. Obama is likely shaking in his boots right now, because even he must know the end is near.

 

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