Well, things are just going from bad to worse for Obamacare as we prepare to enter 2017. First, we’re going to experience double-digit increases in premium rates; CNN tried to say that Indiana would see a three percent cut—the state’s department of insurance commissioner laid down the law: double-digit increases for “many Hoosiers.”
Second, the Democratic Governor of Minnesota Mark Dayton finally admitted that the law is unaffordable. Third, there are now only six of the original 23 Obamacare co-ops left, these networks were meant to spur competition and provide Obamacare plans to those in rural areas. Even with the six that are (barely) functioning, the whole system is on the verge of collapse. Now, on Obama’s home turf of Chicago, some of the city’s largest hospitals are saying no more to participating in the Obamacare market next year (via WBEZ 95.1 Chicago):
Some of Chicago’s largest hospitals said they will not be part of any Cook County Affordable Care Act marketplace plans in 2017.
University of Chicago Medical Center and Rush University Medical Center both said they don’t plan to be in network for any Obamacare marketplace plans next year.
The change means patients with doctors at those hospitals will either need to find a plan off the marketplace, and lose Obamacare subsides, or find a new doctor.
Northwestern Memorial Hospital said it will also be out of the marketplace, but will have exceptions for some of its partner hospitals.
It seems as if this law is just failing everyone, everywhere. Certainly sounds like the aftermath of a liberal big government program, huh?