Name:   MartiniMan - Subject:   Obamacare Redux Date:   12/2/2015 9:05:53 AM

And the NY co-op is closing shop as well.  The problem here is that Obama lied about the numbers and tried to hide the risk corridor payments to insurers that would certainly lose money if they participate in Obamacare.  But that plan was foiled by Marco Rubio's bill which passed so HHS can't use other funds to make these payments.  As a result, HHS only was able to fund 11% of the risk corridor payments to insurers and many, if not all of them lost big money.  Surprise, surprise that they lose money when it was obviously way cheaper for younger, healthier people to pay the fine than to buy incredibly expensive insurance with ridiculous deductibles.  Not to mention the fact that they are able to stay on their parents insurance until age 26.  

This was and is and awful law and needs to be repealed and replaced with sensible reforms. This is just another prime example of what happens when the federal government gets involved in anything other than defense and infrastructure.  Government does nothing well and should be limited in its scope and cost and should be as close to the taxpayer as possible (subsidiarity).