On the recordMay 17, 2017
Republicans have been warning for years now about the grave damage ObamaCare has done to the American healthcare system. We have pointed out how the healthcare law's regulations are destabilizing the health insurance industry. We have warned that the ObamaCare markets are unstable. We have talked about the death spiral which has already doomed ObamaCare. It seems like every day we get more proof that the collapse is well underway. Last week, the insurance company Aetna announced it was exiting the individual ObamaCare markets entirely. CNN did a story about this last Wednesday. The headlines said: ``Aetna to ObamaCare: We're Outta Here.'' It is interesting because Aetna as a company was one of the cheerleaders for ObamaCare early on; they jumped in and said: We are very involved. We want to make this work. Here they are pulling out, saying it has failed. Humana had already said it was quitting the exchanges, not just one place but everywhere. In the past month or so, we have seen big companies drop out of the markets in Virginia and in Iowa. There is now just one company left selling in the exchanges for Nebraska and for Delaware. There is just one company selling in Alaska, in Missouri, in Alabama, in Oklahoma, in South Carolina, and in my home State of Wyoming. For people living in all of these States, there is a monopoly for whom they get to buy their insurance from under the ObamaCare markets. That is not a marketplace, it is a monopoly.…





