New York Hospital Drops Obamacare

Here is another Obamacare success story as reported by One America News Network:

New York’s largest hospital system withdraws from selling Obamacare plans, a development that marks another chapter in the collapse of the Affordable Care Act.

Northwell Health says it will shut down its insurer branch Care Connect after it sustaining losses of $156 million in 2016.

The insurer points to a lack of profitability and uncertain prospects amid looming health care reform as reasons for cutting the program.

Care Connect had 118,000 customers in small business plans, and another 30,000 in individual Obamacare plans.

This latest move exposes Obamacare’s excessive reliance on taxpayer money in the form of government subsidies

And Democrats want a single-payer system?  No, thank you.

Source:

http://www.oann.com/largest-hospital-system-in-n-y-drops-obamacare-plans-citing-major-losses/