The Obamacare deaths knell maybe sounding for individual policy holders. Aetna announced that public exchanges are unsustainable and they may have to forgo further participation despite federal government subsidies. However, there is a profitable teat this crony is all too willing to suckle from: Medicaid.
The Affordable Care Act udder is full of taxpayer dollars. Insurers are finding out it’s much more profitable to do business with a federal government single-payer system than it is forcing citizens to buy their product. Here is an excerpt from the Charlotte Observer.
Aetna regretted its decision, said CEO Mark Bertolini in the statement, but doing business in the Obamacare marketplaces created “significant sustainability concerns.”
A single-payer system has been the end game all along. Is it any wonder Democrats, big hospitals and insurers have advocated states expand their Medicaid rolls?
If they can’t force us to buy an overpriced, crappy product; they sure as hell will find a way to force us to enroll on a government program with crappy service. Crony capitalism is expropriating the American way of life.