Another day, another Democrat finally owning up to the truth that ObamaCare is really a disaster. And the other state facing the implosion of their medical health insurance market.
Minnesota Gov. Mark Dayton – once one of the Affordable Care Act's most enthusiastic champions – is the latest Democrat to publicly eat crow for that support.
With good reason: Thousands of Minnesotans are losing their coverage next year. And premiums on individual plans – which enroll 250,000 North Star State residents – will rise a typical 50 % to 67 percent.
“The the truth is the Affordable Care Act is no longer affordable for increasing amounts of people,” Dayton admitted a week ago, calling the situation in the state “an emergency.”
This only a week after former President Bill Clinton blasted ObamaCare as “the craziest part of the world,” adding that “it doesn't seem sensible.”
Which is a lesson that Dayton, other governors and, more significantly, millions of Americans are learning all too well.
A nationwide Bloomberg News survey discovered that at least 1.4 million people in 32 states will lose their own health insurance the coming year, as private insurers – facing massive losses – flee the marketplace.
And those unfortunates face dwindling options for their next policy: A minumum of one in five Americans within the individual market the coming year will have only one insurer to choose from within their state.
An S&P Global Ratings forecast warns that, the very first time since ObamaCare got rolling, participation in the program will in fact shrink by as much as 8 percent.
The Federal government insists this is all “part from the normal business cycle,” but that is whistling past the graveyard.
Ever-higher premiums are keeping younger, healthier Americans – those whose premiums were supposed to subsidize insurance for everybody else – away in droves.
And what President Obama intended as his signature domestic achievement is well in order to becoming his biggest failure.
