Monday, October 19, 2015

Eleven More ObamaCare Coops About To Go Under

by JASmius

Last Wednesday it was Kentucky and Tennessee.  A day later, Colorado's bit the big one.  An American Daily Review on Saturday I was singing "One Little, Two Little, Three Little Indians" and "Ninety-Nine Bottles of Beer" limericks in anticipation of the cascade ObamaCare regional/State health Coop collapse to come.

And, behold, it is already here, despite Red Barry's likely frantic attempts to keep it quiet:

Federal officials have a secret list of eleven ObamaCare health insurance co-ops they fear are on the verge of failure, but they refuse to disclose them to the public or to Congress, a Daily Caller News Foundation investigation has learned…

The eleven unidentified co-ops appear to be still operating but are now on “enhanced oversight” by the federal Centers for Medicare and Medicaid, which manages [and have further FUBARed] the ObamaCare program. The eleven received letters from CMS demanding that they take urgent actions to avoid closing.

To keep the Regime from even more embarrassment.

Aaron Albright, chief CMS spokesman, said eleven co-ops “are either on a corrective action plan or enhanced oversight. We have not released the letters or names.” He gave no grounds for withholding the information from either the public or Congress.

Because those grounds are that the whole rotten, designed-to-fail ObamaCare structure is collapsing and they want to conceal it, and the accompanying humiliation, from the American people and their elected representatives - who are powerless to do anything about it in any case, but still.....

The other thing they want to conceal, of course, is that this coop cascade collapse is the biggest manifestation yet of the long-predicted "death spiral".  What will happen when all these coops close their doors?  Yes, several billion dollars in taxpayer money will have been squandered, but the bigger consequence is that everybody who signed up for coverage through the coops will be screwed, left uninsured and with no place else to go.  Not exactly the original raison d'etere of the Unaffordable Care Act, is it?

Which brings us to this timely story:

The math is harsh: The federal penalty for having no health insurance is set to jump to $695, and the Obama administration is being urged to highlight that cold fact to help drive its new pitch for health law sign-ups.

That means the 2016 sign-up season starting November 1st could see penalties become a bigger focus to motivate millions of people who have remained eligible for coverage, but uninsured. They're said to be more skeptical about the value of health insurance.

In other words, the "carrot" didn't work, so here comes the bludgeoning hammer.  Including for those left uninsured through no fault of their own by the same rotten system that is about to stomp on them with both feet.

And just think: the Employer Mandate hasn't even kicked in yet.  I almost, in a gallows humor sense, can't wait for that day to arrive, if for no other reason than to see if a Second American Revolution, at whatever intensity level, is still actually possible.

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