Obamacare is taking its toll on the Old North
State. N.C Insurance Commissioner Wayne
Goodwin, a democrat, lamented how destabilizing the so-called Affordable Healthcare
Act has been on the market. Customers
have experienced increasing cost, fewer options and high losses for
insurers. This scheme is
unsustainable. Here is an excerpt from
the News and Observer:
“Insurers cannot
continue to have annual losses in the hundreds of millions and be expected to
continue ‘business as usual,” Goodwin wrote to Burwell. “I am highly concerned
insurers may withdraw from the individual market in North Carolina altogether.”
In a subsequent phone
interview, Goodwin acknowledged that the ACA has reduced the rolls of the
uninsured by providing subsidized health care for nearly a half-million people
here. But he said problems with the law and its implementation threaten to eclipse
those benefits.
“If North Carolina
continues along this path and we have no carriers, what do we do?” Goodwin
said, recounting his November conversation with the DHHS Secretary. “Secretary
Burwell was dismayed that a state like North Carolina would be posing this
question.
I’m sure we’re not the
only state that has raised this concern.
And what are we to do? The only
answer these geniuses could come up with is increase subsidies and expand Medicaid
enrollments. Mind you, the federal debt
will reach $20 trillion at the end of Obama’s term. Commissioner Goodwin also wants to implement
a state exchange when all others have been complete failures.
These social engineers
are ruining our healthcare system.
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