Tuesday, January 7, 2014

Obamacare Actually Cancels More Plans Than It Creates

Remember way back, a long time ago? Back when we were debating Obamacare having Obamacare shoved down our throats because it would result in more insured people? For our own good, of course.

Yeah, about that.
More than 4.7 million Americans had their health insurance canceled as a result of any of the thousand-plus-page law’s new rules, The Associated Press reports, but the Department of Health and Human Services (HHS) confirmed Tuesday that between federal and state exchanges, just two million Americans have signed up for Obamacare coverage. (RELATED: Obama administration announces net loss of at least 3 million insurance plans)
So, we're down 3 million insurance plans due to this law. I guess this is what the Ivy-League folks call a "sub-optimal" outcome, right? I'm only asking because I'm a moron from South Carolina.

Just to recap: Less people have insurance, it costs more, and it covers less.

That's one hellava a system you came up with, guys.

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