The growing number of Obamacare failures creates an opportunity for conservatives to make a persuasive case for a replacement, experts said at a policy briefing held by the Conservative Reform Network and the Hoover Institution in Washington, D.C., on Wednesday.
The CEO of the country’s third-largest health insurer said he had “serious concerns” about the sustainability of Obamacare, the Hill reported.
Centers for Medicare and Medicaid Services Acting Administrator Andy Slavitt admitted that he’s not surprised the Obamacare co-ops would lose money, at a Senate Finance Committee hearing on Thursday.
Despite increasing federal revenues, debt held by the public is projected to increase 71 percent over the next decade, according to the Congressional Budget Office’s annual economic outlook.
Mega-medical insurer Humana Inc. may exit Obamacare exchanges due to falling profits, Fox News reported.
Forty-nine of 50 states will see premium hikes on the individual market in 2016, according to a tracker released by Freedom Partners, a Virginia-based non-profit.
Nearly half of those without health insurance said they went without coverage because it was too expensive, according to a Kaiser Family Foundation poll.