Wyoming Liberty Group
Since Obamacare took effect in 2013, the cost of health insurance has exploded. Turns out it’s very costly for the insurers themselves and some are paying the ultimate price.
In early October, one of those insurers, WINhealth, announced it faced severe financial challenges and was leaving the Obamacare exchange. Just 11 days later, the company declared bankruptcy, leaving 13,000 Wyoming customers uninsured.
After months of anticipation, the Supreme Court ruled in favor of the Obama Administration in King v. Burwell and upheld the IRS’s authority to issue insurance subsidies on the federal insurance exchange as part of Obamacare. This decision gives cover to the abuses of an out-of-control agency and allows it to continue punishing Wyoming through the individual and employer mandate.
When progressives make the case for Medicaid Expansion, without fail they remind their listeners that the federal government has pledged to cover 90 percent of the cost of expansion. But a report from the Foundation for Government Accountability sheds light on just how empty the federal government’s promises really are. On multiple occasions, the federal government has reneged on its commitments to cover the cost of programs it collaborates with states to fund, leaving them with billions of dollars in additional obligations. And while the Obama Administration has continued to market Medicaid Expansion as “free money” to the state legislatures, the White House has proposed changes to Medicaid’s cost-sharing formula that would substantially increase the proportion of the program’s expenses that states will be stuck paying.