Failing Obamacare: 7 Obamacare Co-Ops Now Dead, More at Risk

Failing Obamacare: 7 Obamacare Co-Ops Now Dead, More at Risk

The Affordable Care Act (ACA), aka Obamacare, is frequently lauded as an achievement of President Obama. But is it failing?Obamacare

A fresh story on Daily Caller informs that 7 out of the 23 Obamacare Co-Ops are now officially dead while an eighth one in Colorado is near default. The failing co-ops have resulted in cancellation of health insurance to large numbers of poor and low-income people in different states.

Media sources are as divided as ever on the question whether Obamacare is working. But last year, Washington Post said it’s a myth that Obamacare is working. According to their analysis, Obamacare is “having some effect” but that doesn’t mean it’s working. The analysis cited stats from a survey that found that only 16 percent who signed up for Obamacare thought the program helped them as against 27 percent felt it had hurt them.

Thomas Miller, a health care expert, was quoted in the recent story on Daily Caller and he sounds not hopeful about Obamacare. “There will be more closures,” he said. “The only question is when rather than whether.”

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