If a Democrat who once sang the praises of the Affordable Care Act now calls it an “oxymoron,” I guess we can now call him a “moron.”

Via Fiscal Times.

Few governors in the nation greeted the Affordable Care Act (ACA) with more enthusiasm than Mark Dayton. The Minnesota Democrat hailed the new program as the apex of progressive governance and made sure the DFL-controlled legislature approved the Mnsure state insurance exchange.

Not even a series of disasters in Mnsure implementation shook Dayton’s confidence in Obamacare, refusing to accept a recommendation in January 2014 from an independent consultant to shut down Mnsure and rely on the HHS federal exchange. Instead, Dayton poured tens of millions more into the state exchange, insisting that the rocky beginning belied Obamacare’s glorious and successful future.

That was then; this is now. On Wednesday, Dayton declared the status of the individual insurance market an “emergency” and that the Affordable Care Act was an oxymoron. “Ultimately, the reality is that the Affordable Care Act is no longer affordable for an increasing number of people,” Dayton told the media. Dayton’s remarks came a week after Bill Clinton admitted that Obamacare was “the craziest thing in the world,” and that consumers “wind up with their premiums doubled and their coverage cut in half.”….

As prices go up, the risk for healthier consumers gets lower and lower, which means more of them will opt out rather than pay thousands of dollars every year for benefits they never use. As that continues, utilization rates for the sicker and older consumers who have incentives to stay in the system continue to escalate, necessitating even higher premiums. Eventually, the system exhausts itself and collapses. That “death spiral,” long predicted by Obamacare critics, would have arrived in Minnesota now except for the approval of astoundingly high premium hikes – an event that political realities will almost certainly keep from being repeated….


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