This law has been nothing short of a textbook example of unintended consequences, and that is most unfortunate. For example:
The nation’s largest health insurance provider, UnitedHealth Group, dealt a blow to the Affordable Care Act on Thursday when it warned it may stop offering coverage to individuals through public exchanges after taking a big hit to the bottom line from disappointing enrollment and the law’s unexpected effects.
The insurer’s withdrawal from the Obamacare exchanges would force some 540,000 Americans to find coverage from another provider.
Not only is insurance becoming more expensive for consumers, it’s becoming far too expensive for insurers to provide. The law helped to increase insurance enrollment, most likely at the margins, but it’s really hurting those it was never meant to help.