Gov't Try to Fix Obamacare with Big Changes

The Obamacare or the Affordable Care Act has been hit with some major setbacks as big health insurers like Aetna are pulling out of the public exchanges, also some  regulators have said that the exchanges is collapsing due to increases in premium prices and the dwindling number of insurers.

Obamacare Enrollment Stats

Obamacare enrollment statistics released last Wednesday showed that 364,682 people in the US have already signed up for private coverage as of November 30, 2013. It is still less than 1/3 of the 1.2 million people officials had originally projected would enroll nationwide by the end of November.

The Obama government also projected that 7 million consumers would sign up for coverage during the first year. The government and insurers targeting desperately healthy, young adults to convince them to enroll to pay for the costs of paying for older, sicker consumers. Obamacare is designed to get money from people who value their health. 

Critics says that "The president's health care law (Obamacare) has driven up costs, reduced choices and resulted in the cancellation of over 5 million health care plans that the president promised the American people they could keep," Rep. Congressman Jim Renacci said. "Though we know that problems with the president's health care law run far deeper than a broken website, it also is our responsibility to ensure that we reduce the negative effects of the law. It is time for the administration to update Congress and the American people on its efforts to correct serious back-end issues within its government-run health care system that could potentially be disastrous for insurers and Americans everywhere."