More than 1.5 million Americans drop out of Obamacare as premiums rise

Obamacare careens towards failure.

Millions of people have dropped out of Obamacare as the price for insurance continues to rise. The government expects another, major rate hike in November.

LOS ANGELES, CA (California Network) - The number of people enrolled in Obamacare has dropped from 12.7 million to 11.1 million. This reduction took place between January and the end of March as fewer people paid their premiums.

Part of the problem is rising insurance premiums. Middle class families are having increasing difficulty covering the rising costs of insurance, even with government subsidies in some cases. Meanwhile, those who are unemployed or otherwise dependent on government assistance get free care.

But nothing is really free, someone has to pay. And that burden is falling increasingly on the middle class. The wealthy are also being soaked, but they can generally withstand the increases better than most middle class families.

Some families can spend over a thousand dollars per month on simple health insurance.

And to not have insurance will subject you to a penalty.

It has been widely speculated that Obamacare is designed to fail as a backdoor means of pushing Americans into a single payer system. Regardless, one thing is certain. As more people use more insurance, but fewer people pay, the system will collapse on itself.

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