In news which could not have come at a worse time for Hillary Clinton, official figures have shown that Obamacare premiums are rising an average of 25 percent.
Clinton has tied herself closely to Obamacare, and has repeatedly reminded voters that “before it was called ‘Obamacare,’ it was called ‘Hillarycare.’”
The spike in average rates for the 38 states that rely on the federal marketplace created under the Affordable Care Act was announced by federal health officials on Monday.
The figures serve broadly to confirm what has become increasingly evident in recent months: Prompted by a burden of unexpectedly sick ACA customers, some insurers are dropping out while many remaining companies are struggling to cover their costs.
As First Lady, Clinton led an effort that was ultimately unsuccessful to implement a new health care law in the early 1990s. Later, she supported Obama’s health care proposal.
With less than two weeks to go to polling day, Republican candidate Donald Trump was quick off the mark to pick up on the news. On his Twitter account, Trump repeatedly trashed Obamacare and said that it was “a disaster—as I’ve been saying from the beginning. Time to repeal & replace!”
While many Americans—and others around the world—have been led to believe that Obamacare is a form of socialized medical healthcare similar to, for example, Britain’s National Health Service (NHS), in fact it is nothing of the sort.
A socialized healthcare service as Britain has, is a complete medical service run by the state, including hospitals, clinics, administration, drug sourcing etc., all controlled directly by public bodies.
The NHS is also wholly funded by the state, through a combination of taxes and a special surcharge upon each citizen taken from something called a “National Insurance” contribution, which is calculated upon the gross earnings of every working individual who earns above £155 per week.
In the U.S. version, the medical services are still provided largely by privately-run hospitals, and all that Obamacare has done is obligate all working individuals to take out compulsory medical insurance—again with private companies—to pay for health services.
Obamacare is in fact, state-enforced capitalism, and bears no similarity to a socialized health service at all.
Refusal to take part in this state-enforced capitalism is punishable by fines and other penalties—and contributors are expected to cross-subsidize those who cannot afford to pay, such as “immigrants,” and illegal aliens.
As a result, premiums charged by these private companies have sky-rocketed—because they are out to make a profit.
As the unaffordability of the system becomes obvious, more and more of the health care insurers have dropped out of the market, leading to the inevitable crisis Obamacare now—predictably—faces.