The New York Post (“ObamaCare’s imploding even without repeal”):
“It’s looking like ObamaCare won’t survive even if Congress can’t repeal it. The nation’s largest health insurer, UnitedHealth Group, said that it’s losing too much—$425 million—from policies sold on the health exchanges, and may have to pull out by 2017.
“If a major publicly-traded insurer bows out, others may follow and destabilize the entire individual market.”
“UnitedHealth CEO Stephen Hemsley: ‘We can’t really subsidize a marketplace that doesn’t appear at the moment to be sustaining itself.’”
What’s beating ObamaCare?
“The long-feared ‘death spiral’: Not enough young, healthy folks are signing up for these plans, so insurers are losing money despite the hefty federal subsidies for the coverage. They’re raising premiums to even things out—but that drives even more young folks away, so that only older, less-healthy customers remain, driving new losses . . . .”