GOP senator: Obamacare is in ‘death spiral’

12/12/15Sen. Pat Toomey (R-Pa.) says Obamacare is entering the death spiral that opponents of the legislation said would happen.
“If we look at what is happening right now, I think we’re witnessing the death spiral that many of us predicted,” Toomey told host John Catsimatidis on “The Cats Roundtable” on New York’s AM-970 in an interview airing Sunday.
Toomey said young, healthy people are not signing up for insurance, causing the price of premiums to soar as only the unhealthy remain in the market.
“Especially given a hospital has to treat someone who shows up and you can buy health insurance even if you already have an existing condition, these people are not in fact signing up and paying the premiums,” he said.
“And so, the people who are participating are the older and sicker people, that’s driving people up, that causes a further exodus of younger, healthy people,” he added.
Tomboy pointed to the fact that nearly 12 of 23 state-based insurance companies have collapsed so far.
“Fully half of the healthcare co-ops around the country have already failed, the other half are probably going to fail next year,” he said.
Toomey also pointed to the potential exodus from the market of United Healthcare, the largest insurance provider in the country, which said it lost $200 million on the exchanges.
“United Healthcare, America’s biggest health insurer, has already said they are seriously thinking of pulling out entirely because there’s no way they can survive in this. So this is the death spiral that was inevitable,” he said.
The Pennsylvania Republican called on Congress to repeal the legislation.
“We’ve got to move away from Obamacare entirely. We should repeal this bill and move healthcare in a direction where individuals, patients, families are in control of their own healthcare decisions, get to buy a health insurance plan that works for them,” he said.
“They should have portability, there are things we can do to lower costs, but the path we’re on is just wrong.”

http://thehill.com/policy/healthcare/263065-gop-senator-obamacare-i...

Views: 123

Comment

You need to be a member of United Truth Seekers to add comments!

Join United Truth Seekers

Help Pay The Rent. "United Truth Seekers" Is an informative Social Network exposing the truth that the mainstream media ignores. The truth will set you free!

This website is brought to you exclusively by member donations. Click Above, Thank you.

Eastern Standard Time

hT8m6O-9qVrq2bOevD5ouGyVgnD6Mgy_3vvjGdck

About

Badge

Loading…

DEMAND THE TRUTH!

"It was the poverty caused by the bad influence of the
 English Bankers on the Parliament which has caused in the colonies hatred of the English and...the Revolutionary War."
– Benjamin Franklin

"Guard with jealous attention the public liberty. Suspect every one who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are ruined."

Patrick Henry
June 26, 1788

 

© 2019   Created by Pam Vredenburg.   Powered by

Badges  |  Report an Issue  |  Terms of Service

google-site-verification: google4dc7c778a884c7b9.html