50 PERCENT INCREASE! Obamacare close to collapse, or success, depending on how you view it

Costs continue to rise as poor consume more care.

The cost of Obamacare continues to skyrocket, surpassing all expectations. Obamacare is inching closer to failure.

LOS ANGELES, CA (California Network) - Obamacare is inching closure to failure, or success, depending on its aim.

If Obamacare was designed to provide everyone with affordable healthcare it has failed miserably. Millions remain uninsured, millions more rely on subsidies to make their premiums. Only a fraction of the people on Obamacare approved plans can actually afford them. Insurance companies claim they cannot make money. Many insurers are about to withdrawal from unprofitable markets.

If the aim of Obamacare was to fail, perhaps to steer everyone into socialized medicine, then it seems to be working.

Later this year, insurance premiums will rise for most Americans. For some, the premiums will rise over 50 percent!

Meanwhile, the costs for those who are on Medicaid, which covers all low-income Obamacare recipients, continues to grow. Official estimates were that costs would drop after 2015 as the poor began taking advantage of their care and health improved.

Instead of healthier poor people, we now have poor people who are consuming a lot more care.

Other than charging healthy people exorbitant rates for insurance, there seems to be few options for stabilizing the market. Costs will continue to rise because the government subsidizes care. This gives insurers a blank check to write each year.

Price controls won't work either because they cause shortages, which is a common problem in socialized health systems. One has only to look at the backlog of VA cases to see how that works.

The free market works best to provide the best care for the most people, but it does leave some people without any care. There must be found a way to provide for their needs while permitting markets to adjust prices and services according to economic reality.

Hopefully the next president does not double down on the Obamacare disaster, and instead takes a new, market-based approach to care.

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