Obamacare Is Rapidly Becoming The Poster-Child For American Inequality

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

An architect of the federal healthcare law said last year that a “lack of transparency” and the “stupidity of the American voter” helped Congress approve ObamaCare.

 

He suggested that many lawmakers and voters didn’t know what was in the law or how its financing worked, and that this helped it win approval.

 

– From the post: Video of the Day – Obamacare Architect Credits “Lack of Transparency” and “Stupidity of the American People” for Passage of Healthcare Law

The best thing about Obama (from an oligarch’s perspective), is his uncanny ability to push through upward redistributive wealth policies while still maintaining a phony aura of caring about the little guy amongst so many of his apparently lobotomized supporters.

Countless examples of his shameless plutocrat-pandering have been covered ad nauseam here on these pages, but what’s most embarrassing for the President’s legacy, is the fact that Obamacare itself is rapidly becoming the poster child for the dramatic wealth and income inequality that has so characterized his entire administration.

 

To see what I’m talking about, let’s take a look at a few excerpts from an article published today at The Hill titled, How ObamaCare is Splitting in Two:

Increasingly, there are two ObamaCares.

 

There’s the one in coastal and northern areas, where the marketplaces include multiple insurers and plans. And there’s the one in southern and rural areas, where there is often little competition, a situation that can lead to higher premiums.

 

“There’s really two kind of stories that are playing out,” said Cynthia Cox, who studies insurer competition at the Kaiser Family Foundation.

 

According to an analysis from the consulting firm Avalere, as of now, there will be just one insurer offering ObamaCare coverage next year in seven states: Alabama, Oklahoma, South Carolina, Wyoming, Alaska, North Carolina and Kansas. It is possible that more insurers could enter these markets before next year.

 

In one county in Arizona, there might not be an ObamaCare plan available at all.

Unsurprisingly, it’s people living in the forgotten places who continue to get squeezed.

The trend is likely to be accelerated by the departure of Aetna and UnitedHealthcare from ObamaCare marketplaces in 2017. The loss of those insurers won’t affect all parts of the country equally, experts say.

 

The dearth of options in rural, sparsely populated areas is a far cry from what Democrats promised when selling the Affordable Care Act. 

Broken. Just like every other promise Obama made.

“Just visit healthcare.gov, and there you can compare insurance plans, side by side, the same way you’d shop for a plane ticket on Kayak or a TV on Amazon,” Obama said in 2013. “You enter some basic information, you’ll be presented with a list of quality, affordable plans that are available in your area, with clear descriptions of what each plan covers, and what it will cost.  You’ll find more choices, more competition, and in many cases, lower prices.”

 

In Oklahoma, Rhoads said he has been trying to recruit more insurers to join the ObamaCare marketplace, but found no takers.

 

“We see no other carriers willing to come in,” he said. “We certainly have had conversations with some of the national players.”

 

Rhoads said he spoke with two insurers that participated in ObamaCare’s first year about returning. They declined, citing the financial losses they suffered before.

 

Relying on just one insurer to offer coverage runs the risk of having ObamaCare disappear, should that insurer bail from the marketplace. 

The chaotic unravelling of Obamacare has been a focus here at Liberty Blitzkrieg for much of this year. Here are a few examples:

August 5, 2016: An Update on the Obamacare Disaster

July 15, 2016: Illinois Obamacare Co-Op Goes Bust Leaving Tens of Thousands at Risk

April 12, 2016: Sales of Short-Term Health Plans Soar as Americans Flee Expensive Obamacare

March 23, 2016: The Health Insurance Scam – “Coverage” Doesn’t Mean Affordability or Access

I’ll tell you one group of people that won’t be affected by Obamacare’s unraveling: his extremely wealthy donors.

As usual, the people who will suffer most are what’s left of the middle classes, the poor, the voiceless and the disenfranchised. The people Obama has cheerily ignored for nearly eight years now.

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