Peter Lee, Covered California's executive director, told Business Insider in an interview that the Trump administration has thrown a wrench into insurance exchanges under the Affordable Care Act that were on their way to stabilizing themselves in 2017. Lee even agreed with Trump's assessment that Obamacare is "gone" — but perhaps for a different reason than Trump intended.
"So I think there is a truth to it — Obamacare is gone," Lee said. "The reality is what is going to come home to roost for this president and this Congress is a collapsed individual market that was working well."
Lee said research from the Kaiser Family Foundation and Standard and Poor's pointed to increased insurer profitability and strong enrollment numbers. Now, that appears to be up in the air heading into the 2018 open-enrollment period.
"If you look at all of this research, 2017 was going to be the big turnaround year and now 2018 is going to be a s---storm," Lee said. "It is going to be a nightmare for much of country with some islands of calm, relatively speaking."
California was one of Obamacare's biggest success stories.
And now thanks to Donald Trump it may end up another smoking crater.
Which I imagine means that their proposed plan to move to a single payer health care system may now be their next go to solution.
If we know anything about California, it is as that they are often the ones who create a path for the rest of the country to follow.
Source http://ift.tt/2yZCBZh
