The Co-ops Are Failing, Obamacare Is On Life Support

The Co-ops Are Failing, Obamacare Is On Life Support

The Co-ops Are Failing, Obamacare Is On Life Support

Nine Obamacare co-ops have failed. Billions of dollars in federal-to-state Obamacare subsidies are unaccounted for. The White House is already trying to temper expectations that enrollment for 2016 will come anywhere near its earlier projections.

And now we have a state where lawmakers are proposing a single-payer replacement for Obamacare — something many early critics predicted, well before the Affordable Care Act was ever put to Congress for a vote.

Colorado’s Obamacare exchange is poised to become the latest in a growing succession of state-run healthcare exchanges to shut down altogether. And progressive lawmakers there have joined with a citizen-backed campaign in floating a ballot initiative, Initiative 20, that would establish a statewide payer plan for residents’ medical care — rendering the Obamacare exchange obsolete.

Colorado Care Yes, the group behind the ballot measure, describes it plan this way:

ColoradoCare is a resident-owned, non-governmental health care financing system designed to ensure comprehensive, quality, accessible, lifetime health care for every Colorado resident. The benefit package would enhance the comprehensive health care services required by Medicaid and the Affordable Care Act. Premiums would be collected from Coloradans based on income, securing health care regardless of financial circumstance. This efficient, universal system would operate in the interests of Coloradans. By eliminating layers of bureaucracy and reducing administrative and other nonmedical costs, ColoradoCare would cover all residents and cost less than the current system.

That’s one way of describing it. Here’s how conservative publication The Washington Times describes it:

The program, called ColoradoCare, comes with a steep price tag: $25 billion, which would be raised with a 10 percent payroll tax increase. At the same time, the plan would provide all residents with Medicare-style health care coverage and allow the state to dump Obamacare.

… Under the proposal, known as Initiative 20, employers would be on the hook for the lion’s share, 6.67 percent, and employees would be responsible for 3.33 percent of the 10 percent. The program would be administered by a nonprofit cooperative, not a state agency, run by a 21-member board.

Of course, single-payer is the evolved product of Obamacare’s failure — but, viewed in that light, “failure” is a relative term.

 

Read full story: http://personalliberty.com/how-long-will-the-oligarchs-keep-obamacare-on...