Is Obamacare a failure now that the GAO report points to Obamacare ‘rate shock’?

It was a failure from the start. That won't stop them from sweetening the pot with tax payer dollars (subsidies). After all it is just another redistribution of wealth scheme. And don't forget they think they will be able to make political hay by playing the blame game for its short comings.

The article is misleading. Even if based on the Kaiser Foundation subsidy calculator, it does not take the tax credit subsidy into account. It is using an individual making $35,000 but does not factor in the tax credit subsidy which a person of that income will get.

The insurance premiums that go up are individual insurance not from the state exchange.

This article is skewed to reach the conclusion that the Obamacare insurance costs will be higher than those paid now but you have to clarify if the typical person is getting employer insurance or not and how many children he has and most important, which of the 4 levels of coverage he will buy.

The average cost is $200 to $300 a month per person NOW. Under the state insurance exchange you will pay only a percentage of your income for premiums depending on which level of insurance you buy. It could be 7% or 9%. But having a deductible limit to $2000 makes all the difference in the new rules compared to current practice.

The tax penalty in 2014 is $95 or 1% of your income whichever is greater. In 2016 it goes up to 2.4% of your income or $695 whichever is greater.

How does a program based on people paying for their own insurance become bankrupt ?

No. They will be outnumbered by the people who experience rate joy, where people who could not get quality insurance or paid too much will pay less.

From what happened in MA, young people preferred to buy health insurance instead of $95 or 1% of their income, which ever is larger, and getting nothing.

80% of young people will qualify for tax credits, Medicaid or be on their parents' plan. Very few will feel the full effects of rate shock.

No we cannot. There are thousands of young Americans who have no premiums because they have no insurance and can't afford to purchase any. In my state for instance insurance will cost you 450.00 a month and that's just major medical with no prescription Plan and a 2,500 deductible. To a person making 12.00 an hour that is unaffordable. It appears you don't know this so I will add that at 12.00 an hour you are ineligible for medicaid if you are single with no dependents. You get zilch. Obamacare is not meant to take care of you people lucky enough to have insurance, It is designed to help the uninsured and under or unemployed people. So get over it and stop wanting everything to be about you. To me,any life saved or preserved because of Obamacare is worth it. We can't all be rich. We can't all go to college. We won't all make over 60,00 a year. It has nothing to do with being educated or motivated. It's just the way of the world. There are some people who work 2 and 3 minimum wage jobs and they still don't make over 20,000 a year.

Seems the only failure of the plan is that the mandate for individuals is too low.

Like all insurance rates, the lower the rates are tied to a higher rate of participation in the plan. If the young do not join into the state insurance exchanges, thus spreading the risk out over a larger segment, the rates will not be competitive.

Since you can no longer charge old sick people more than young healthy people I think we all knew the young would pay more. It will even out over their lifetimes and will be less. Surely you knew that.

Surely you also know that the law just utilizes commercial insurance? There cannot be pork in a transaction that does not involve the government. You call XYZ insurance and you buy a policy at the level you want. 80% of the country has ObamaCare right now.

This business enterprise about coverage markets and Obamacare is only a stepping stone to authorities presented clinical care. you won't be able to set up a chain of high-priced new regulations without the fee to provide them increasing the fee of coverage. coverage businesses will advance their charges or bypass into chapter 11 enterprise (the motive of progressives from day one). From Ben Bullard, "own Liberty Digest". 7/15 - NHS (Britain) faces a shutdown of 20 hospitals because of underfunding. The impression of a starting to be debt has meant a three-month watch for most cancers clinical care, so as that many sufferers waiting for clinical care will die. The NHS is worse than Communist China in controlling remedies that sufferers get carry of.

It was a failure before it was even passed, but it passed anyway! Go Figure! Contact your congressmen and let them know you want it REPEALED!

It's been a failure since before it even became law.

The president is committed to his health care law. He cares NOTHING for the financial hardships his law will cause to a majority of Americans.