Name:   MartiniMan - Subject:   Obamacare coops dropping like flies Date:   10/16/2015 12:16:53 PM

What a shocker.  The ones that are cratering owe the federal government almost a billion in loans that will almost certainly never be paid back.  And the reason they are all stating for their demise?  Decision by HHS to only pay 12.6% of their requested low risk corridor payments, better known as profit props for insurers losing money.  As I predicted, as a result of Obamacare costs will continue to soar, especially in 2016 when insurers realize and adjust for the lack of profit payments from the government.  There is talk that average premium increases will be on the order of 50%, and that doesn't even begin to address the increased cost for copays and deductibles.  Rationing is not far behind as costs soar.  I have been right about everything else associated with Obamacare so don't doubt me.

What is even more laughable is I saw a study recently that indicated that 32 million Americans are still uninsured.  Lie after lie after lie.  But i am sure left wing nuts are still supporting this worthless piece of crap legislation.