I just heard Ezekiel Emanuel, a noted expert on health care and advisor on Obamacare, say on Bloomberg radio that the reason Obamacare health plans are in trouble is because Republicans withheld the subsidies that were due insurers.
The fact is Republicans did mess with the subsidies, but isn’t that missing the point? The fundamental question is why, after four years of experience, are subsidies needed?
The answer is that there are basic flaws in the design of the ACA. There are too many choices, it is too easy to not enroll in coverage as required by law and it is too easy to enroll at the time health care expenses are anticipated.
If you started a new business and to do so you borrowed a lot of money, but in succeeding years you had to keep borrowing more to stay afloat until finally it became clear lack of capital was not the problem, but a flawed business model was, have you succeeded in that business?