Americans Who Can Are Dropping Medical Insurance
by Jeffrey Tucker via The Epoch Times,
Have you observed what is happening with medical insurance in the United States? There is an upheaval taking place. You
What the Documents Show
That's not a rounding error. That's systemic collapse dressed up in actuarial language. Here's what actually happened: Congress let the subsidies expire. Insurance companies began raising premiums between 25 and 115 percent. Americans looked at their bills.
Follow the Money
More than a million of them said no and dropped coverage entirely. Others downgraded to plans with skeleton-crew and deductibles so high the insurance becomes theoretical. Still others went cash-only or turned to crowdhealth options—a polite name for self-insurance networks that operate outside the traditional system. The architects of the Affordable Care Act built the entire machine on one principle: large risk pools would subsidize sick people with money from healthy people who wouldn't use the system. It was privatized socialized medicine, and it only worked if the healthy people stayed enrolled and paid into the pool. That social contract is now officially dead.
What Else We Know
Without the individual mandate—which the Supreme Court gutted—there is nothing forcing anyone to participate in the fiction. The emperor is shirtless, and people are walking away. This is not a market failure. This is a rational response to a broken system that was always more about protecting insurance industry margins than delivering healthcare. The people responsible for this predicament have names. They sit in Congress.
Primary Sources
- Source: ZeroHedge
- Category: Government Secrets
- Cross-reference independently — don't take our word for it.
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