Insurers Folding Under the Weight of Obamacare. Was This The Plan All Along?

This was the plan from the very beginning.

In 2003, at an AFL-CIO (USSR) symposium, Obama said: “I happen to be a proponent of a single payer universal health care plan.” He then stated that there is no reason why the richest country to ever exist, “that spends 14% of its GNP on healthcare cannot provide basic health insurance to everybody.”

Most of us remember these sage words from then nobody Obama. But even back then nobody Obama was playing word games, mixing “healthcare” with “health insurance,” as if they are the same. Now that Obamacare has been instituted for a few years, the public is finding out that “health insurance” does not equal “healthcare.”

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He then went on to say that “we may not get there immediately.” He told the audience that, “first we gotta take back the White House, we gotta take back the Senate and we gotta take back Congress.” He obviously underestimated how easy it would eventually be to roll over the Republicans.

In 2007 Obama said there would have to be a “transition process,” going from private to single payer. He stated: “I can envision a decade out, or 15 years out or 20 years out.

Well, congratulations Mr. President – it appears you are way ahead of schedule. A mere 6 years into the purposeful debacle known as Obamacare, things are already unraveling in the private insurance sector. I say purposeful because this has been the plan all along. We are witnessing the “transition Obama spoke about. It’s just progressing faster than even he envisioned.

Obamacare FailThe plan was to allow private insurance carriers to administer the Obamacare plans. If you recall, “big insurance” was a cheerleader and major backer of Obamacare, figuring they would reap the benefits, and profits, of all those captured customers. Well, we warned early on that this plan would backfire on them and couldn’t understand how they didn’t see it. I guess it’s because they didn’t want to. The short-term gains were all they appeared to care about.

Well, they are already beginning to see the folly of their support for this predestined train wreck. The AP reported on Tuesday that “UnitedHealth, the nation’s biggest health insurer, will cut its participation in public health insurance exchanges to only a handful of states next year after expanding to nearly three dozen for this year.”

UnitedHealth has already lost a boatload of money and estimates it will lose much more in the near future. “It now expects to lose $650 million this year on its exchange business, up from its previous projection for $525 million. The insurer lost $475 million in 2015,” a spokesman said.

The big insurer did start out slowly, participating in but 4 exchanges the first year, but quickly ramping up to 34 presently. As of 2017, they estimate to be out of the exchanges completely. That was short-lived, wasn’t it. Again – how could these titans of business not see what Obama laid out years before?

“Insurers say they have struggled, in particular, with customers who have signed up for coverage outside regular enrollment windows and then dumped expensive claims on their books, a problem the government has said it would address,” adds the AP. Can I get a big fat DUH? We warned about this also! It’s like someone having there totaled car towed to salvage yard and then calling an insurance company to purchase replacement insurance.

Other big insurers are thought to soon follow suit, trimming their exposure to the exchanges. Again – this has been the progressive plan since Teddy Roosevelt. Obama has just been more underhanded about it. Actually, he hasn’t. He’s telegraphed every move.

We are now heading into the transition phase where the private/public partnership begins, by design, to dissolve. As more and more insurers fall by the wayside and the entire system begins to unravel, the public will demand the government do something, because that’s what the public has been trained to do. Progressives in government will then exclaim that the only solution is to take over the whole failed system and right the ship, thus giving us what they had always planned – Government run, single payer and severely rationed healthcare.

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