Weeks ago, President Donald Trump tweeted, “As I have always said, let Obamacare fail and then come together and do a great health care plan. Stay tuned!”
And indeed, the system established by the Affordable Care Act is collapsing on its own. Average premiums are up 105 percent since the health overhaul law took effect, and premiums will soar again next year, based upon early announcements. That will drive more young and healthy people away, further destabilizing the health insurance markets.
People in 40 percent of U.S. counties risk having only one “choice” of plan next year, and some may have none as insurers flee the market because of heavy losses.
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