Obamacare sat on a wall,
Seven years later it had a great fall;
All the Democrats and media spin
Couldn’t put Obamacare together again.
If you haven’t heard, another health insurance co-op, this time, the Health Republic of New Jersey, is closing up shop. They are hanging a “going out of business” sign on the door. And yes, all sales are final.
Hey, Democrats, this is what happens when you lie to the American people! For those with short memories, let’s rehearse a few of those lies.
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First, Comrade Obama and the Democrats promised the process would be the most transparent in history. It wasn’t.
Then they said you could keep your doctor. An untruth, to put it mildly.
When polls showed the wanna-be-law was unpopular with the American people, and wouldn’t get the two-thirds needed for it to pass the Senate, they changed the rule to a simple majority and rammed it through.
Do you remember the bill’s signing ceremony? Vice-President Joe Biden whispered lovingly into President Obama’s ear saying, “This is a big f—ing deal.”
Well, you were wrong again, Mr. Biden. How many times is that now?
Watching the wall of lies come crashing down, and seeing how many people suffer in the wake of your arrogance is the real big deal.
Only six exchanges remain with this week’s announcement of the collapse of the New Jersey exchange, which, by the way, has a liability of 46.3 million dollars under the Affordable Care Act’s risk adjustment program, according to the New Jersey Department of Banking and Insurance.
“Despite our hard work and growing customer base, the unfortunate necessity for complying with the [Affordable Care Act’s] risk adjustment mandate has put the company under considerable financial strain,” said Tom Dwyer, the co-op’s CEO.
The co-op was designed to transfer money in case one insurer had costlier enrollees. It would appear that both insurers had high-risk groups and not enough young healthy people enrolling. Gee, would have thought that was possible?
FoxNews reports, “The New Jersey co-op is the 17th Obamacare co-op to collapse, joining other co-ops that have failed including two in Oregon, one each in Illinois, Connecticut, Arizona, Colorado, Kentucky, Michigan, Nevada, New York, Ohio, South Carolina, Tennessee, Louisiana and Utah, as well as a co-op that served both Iowa and Nebraska. This leaves only six co-ops in existence of the 23 that were originally created under Obamacare.” — ibid.
All this leads us to another untruth fed to us by the Democrats. Remember the promise, “you will have more insurance companies to choose from, and the price per policy will go down”? Yea! Sure….How that work out?