THAT MEANS IT’S WORKING: ObamaCare’s Death Spiral Has Begun.

In recent weeks, insurers in 43 states proposed similar hikes, with the average rate increase falling in the double digits for individual plans, according to data collected on the Rate Review tool at HealthCare.gov. For example, Blue Cross Blue Shield of Texas, facing a massive $770 million loss for its ObamaCare exchange plans, requested a 58% premium hike for over 600,000 customers.

In New Mexico, Blue Cross Blue Shield has requested an 82% rate increase for an individual HMO plan sold on the exchange. But nothing comes close to the increase requested by insurer Phoenix Health Plans of Arizona: a whopping 122.8% average rate hike for all of its plans.

Recent analysis shows that the average rate increase requested by insurers across the country is 24%. This is a stunning increase since initial rate requests were filed this summer. At that time, the Kaiser Family Foundation found that rate hikes for the “most common plan choices” in 14 major cities averaged about 10%. But insurers have adjusted their expectations, and their rate requests, since then.

The law has also given doctors the certainty of endless red tape, while robbing exchange customers of any certainty about their costs or their providers from one year to the next.

The next Voxplainer ought to be a real laugh-until-you-cry piece.