The news broke Monday that ObamaCare has again missed enrollment forecasts from the Congressional Budget Office, resulting in grossly limited options and high prices for consumers. “Enrollment is simply nowhere near what the congressional budget office thought it would be,” reported Fox News correspondent Kevin Corke, “Now what that means is higher costs for those of you who that take part, and for the insurers, it means they're losing money.” Even with that dire fact the “Big Three” news networks chose to cover for the Obama administration.
Corke did admit that the initial estimates by the CBO were “pretty high,” and noted that the actual rate of enrollment into the program is only at half of what the projections predicted. “New analysis by the Kaiser Family Foundation shows a third of ObamaCare exchange customers will only have a single insurer offering for the upcoming year,” Corke continued, “And that means many insurers have simply stopped offering plans all together.”
And according to Corke the losses the insurance companies are experiencing are absolutely huge, some would even say “yuge”:
And we're not talking tens of millions of dollars, we’re talking to the tune of billions with a "B." Billions of dollars…
Let me just show some of the big losses. I think this will probably surprise you, as well. United Health Group announced that they lost a billion dollars for 2015 and 2016. Health Care Service Corp, well north of 2 billion in the first two years. Highmark, $600 million in 2015 alone. And Blue Cross Blue Shield of North Carolina, projected losses of $400 million in just the two years.
Ignoring the failings of ObamaCare as it rots from the inside has become a trend for the liberal network news outlets. In mid-August, ABC and NBC skipped over the story of insurer Aetna pulling out of two thirds of the ObamaCare exchanges they were involved in. And back in mid-July MRC’s Mike Ciandella found that for the year, up to that point, broadcast evening news spend a scant 23 seconds on ObamaCare’s slow breakdown. CBS made up the totality of that 23 seconds for the year.