House of Cards

No, not the Netflix series with Kevin Spacey and Robin Wright, but the state Obamacare co-ops that were going to assure universal health insurance coverage. Recently in Obama's own political home state:

"The Illinois Department of Insurance announced this week that it was requesting an order of rehabilitation for the state’s Land of Lincoln Health co-op because of its unsustainable financial position."

Ouch. But wait - that's not all! Only a third of the state co-ops are still standing and they are all expected to fold by the end of the year. And there's even more. Massive rate increases in individual plans (Oregon is 29.3%) will make them pretty much unaffordable too and remember, coverage is mandatory with fines for non-compliance. 

So where does that leave us? Pretty much on schedule for socialized, single-payer medicine which was the goal all along. Enjoy.

townhall.com/tipsheet/mattvespa/2016/07/15/virtually-every-obamacare-exchange-is-on-the-verge-of-total-collapse-n2193039