OBAMACARE UPDATE: Colorado Chaos Shows ACA Troubles.

Under the ACA, the Colorado insurance market is in chaotic flux. The NYT reports that the premium for one standard midlevel silver ACA plan rose this year by 36 percent in one part of Colorado, while in another part a premium for the same plan dropped by almost 40 percent. Apparently many insurers set their prices low to attract customers, but it’s no longer clear if the low rates will be sustainable in the long-run. . . .

One takeaway from this article is that’s far too early to tell how well the ACA is doing at keeping premiums down. It will take a while before the markets settle out and we see what the actual average premiums are, and it’s not really possible to assess how well that part of the ACA is working until then. In the meantime, workers are increasingly feeling the bite of rising costs. Uncertainty for many, rising costs for some: not a pretty picture for U.S. health over all.

It’s like the whole thing was just a cobbled-together scheme whose main purpose was political.