INSURANCE GIANT Aetna has announced huge losses due to participating in Weepy Barry’s apparently laughably named “Affordable Care” scheme.
I say apparently laughable because I do not live above the border and have not set foot in that troubled nation since BarryCare was made law of the land.
I have not felt BarryCare’s pain first-hand.
We here in Mexico, of course, have a superior healthcare system that basically consists of two levels: a government-supported level for poor people that anyone can use, rich or poor, and a private system, which also is open to all.
Is the bottom level ideal? Of course not. Is it better than nothing? Sho’ nuff! I have always used the private system even though I am enrolled in a free government plan.
Aetna lost $300 million last year due to participating in BarryCare in 15 states. It has canceled plans to go into other states. Forbes says there’s “overwhelming evidence that ObamaCare caused premiums to increase substantially.”
BarryCare is built, to a large extent, as a Pyramid of Cards. The broad base is young people whose premiums essentially underwrite older folks’ coverage. Since young people would not do this voluntarily, they face a tax hammer.
But many young people are finding it cheaper to suffer the tax hammer than to buy costly insurance.
Whoops! Who’d a-thunk it?
It appears that leaving the United States was a wise move on my part. I’m interested in hearing how you Gringos like BarryCare. Is it as bad as I hear?
Here is The Unseen Moon’s first-ever poll.
The vote is anonymous. Don’t be bashful: