The Washington Post – The increase in Affordable Care Act premiums is not a failure of Obamacare but rather reflects the inability of the private insurance market to cover sick people and make a profit. The insurance business model requires companies to pay as little as possible to make a profit. The model clearly doesn’t work on the ACA exchanges in which the insured use their insurance.
More from The Black Report®
- March 30, 2017 Spicer Tries To Mend Fences With April Ryan NBC News - White House Press Secretary Sean Spicer offered sunny salutations and the first question of Wednesday's briefing to veteran correspondent April Ryan, an […]
- March 7, 2017 The GOP’s Obamacare Repeal Plan Is Even Worse Than Anyone Expected LA Times - Elements of the proposal, which was kept under lock and key last week — have been dribbling out for a few days. The text of the two bills encompassing […]
- February 10, 2017 Obamacare Critic Tom Price Confirmed As US Health Secretary BBC - The late-night vote was 52 to 47, split along party lines, in favour of the Republican representative for Georgia, a staunch opponent of the health insurance […]
- March 3, 2016 Rocket Internet’s Africa Internet Group raises $326M from Goldman Sachs and others TechCrunch - Fresh from pulling in $83 million from European insurance giant AXA last month, Africa Internet Group (AIG) — the Rocket Internet-backed company […]