Obamacare on Death Bed as Enrollment is Half the Expected Rate (the Unprofitable Half); Mispriced Insurance and Unstable Economics to Blame

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Too bad Obama rejected the Public Option – and the proposal to expand Medicare (which is cheap and efficient to run) to everyone.

MishTalk

Obamacare is facing the hard knocks of reality. Selling overpriced insurance to the healthy and underpriced insurance to the sick is not a good model for insurance companies.

Aetna is the latest insurer to say it has had enough. Aetna announced it withdraw from 11 of 15 states where it currently offers plans through the exchanges.

Pinal County Arizona, in the Phoenix area, may have no insurers offering plans.

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