Explains why Obama seeks to unilaterally, and unconstitutionally, rewrite the “ACA” on a continual basis. Note that Blue Cross has withdrawn from the Minnesota market, and those of other states, after hundreds of millions in losses. This is a slow-rolling, unmitigated, disaster.
What happened? Millions of people have rejected the individual mandate to purchase coverage, choosing to pay the fine instead. As a result, the risk pool became inundated with high-utilization consumers with less cash, requiring much higher subsidy payments with little undergirding of healthier consumers to exploit to buffer costs: