And those numbers are completely dwarfed by the Medicare expansions.
Obama, shocked that the law is working as designed, has announced that people are now allowed to renew their cancelled insurance plans for one more year....
Under what authority does he do this? Once again he's changing the law as written under no authority but his own.
Does he realize that this will only accelerate the insurance industry death spiral? Healthy people will now be able to keep their more inexpensive (better) plans for another year. Meanwhile, the unhealthy people will continue to migrate towards the exchanges where price-controls will limit what insurers can charge. The only thing that made the exchanges even remotely viable was the ability for the insurance companies to overcharge healthy customers to offset the costs of the unhealthy ones via the mandate. Obama has just removed this requirement.
Is he really that stupid or is he deliberately trying to destroy private insurance?
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