Obamacare is Already Bankrupt



by Arthur Seaton | January 18, 2014


In their haste to push their health care law down the throats of the American people, Democrats didn’t bother to find out what was in the bill before they passed it and President Obama signed it into law with much fanfare and publicity.

Now, the entire health insurance industry is in danger. The cost of insuring people with pre-existing conditions through Medicaid is putting the budgets of the states at risk and the citizens are going to end up with higher taxes and nothing will change.

While the government claims that 2.2 million people have signed up for Obamacare, at least 6 million people have lost their insurance as a direct result of the Affordable Care Act. Employers are finding it less expensive to pay the fine for not insuring their employees than pay the high cost of complying with the mandates in the law.

The cost of insuring workers under the government health care will increase the cost of premiums and co-pays, which in this economy most people can’t afford. That is something Congress didn’t worry about, the cost of complying with all the mandates.

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