Obamacare’s “three-legged stool” — the subsidies, guaranteed-issue rules and individual mandate — is already collapsing under its own weight. The failing Obamacare co-ops mean that more than 500,000 Americans have lost their health plans, while individuals face a new wave of premium increases — about $600 a year on average for a silver-level federal exchange plan. The individual mandate is overreaching and ineffective; Obamacare’s attempt to stop “pricing out people with preexisting conditions,” as a Nov. 2 Post editorial put it, has priced out people who don’t have preexisting conditions; and while the subsidies primarily benefit those below 200 percent of the poverty level, the majority of Americans are worse off.
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