California’s Dependence on ACA Subsidies Shows Just How Fragile the Entire Obamacare Model Is
No state has worked harder than California to convince the rest of the country that Obama’s Affordable Care Act was a success, and no state is proving more quickly that it was a myth.
Covered California, the largest state-run health insurance marketplace, is now telling its millions of enrollees to expect their premiums to skyrocket by an average of 97 percent if Congress fails to extend the meant-to-be temporary COVID-era ACA subsidies. The exchange also concedes that without a federal bailout, costs will rise so sharply that it expects 400,000 Californians to abandon the exchange altogether and go uninsured.
That exodus, healthcare professionals © Townhall





















Toi Staff
Sabine Sterk
Penny S. Tee
Gideon Levy
Waka Ikeda
Grant Arthur Gochin
Rachel Marsden