The Affordable Care Act (aka “Obamacare”) is rotting from the inside out…

The Wall Street Journal reports Aetna—one of America’s largest health insurers—is dropping coverage in most U.S. counties. The reason: It’s going broke.

The company’s not alone… United Healthcare, the country’s largest insurer, already announced plans to exit most of the system earlier this year. And all five of the U.S.’s largest insurers report losing money on Obamacare’s exchanges.

That may sound hard to believe… given that insurance premiums have skyrocketed since Obamacare’s inception.

The average rate hike for 2017 is 21% over 2016’s inflated rates. But residents of states like Arizona will experience near-70% rate hikes (affordable!). Still, insurers are losing money…

That’s because only 11 million Americans signed up for coverage through Obamacare’s exchanges in 2016. The Congressional Budget Office had projected 21 million new policyholders.

It seems enough young folks realized it was cheaper to suffer the Obamacare tax penalty than pay exorbitant rates for insurance they won’t use.

The rate increases have led to the highest share of American middle-class families’ expenses going to medical care—ever (8.9%). As you can see below, costs have surged about 25% for middle-class families since 2007 alone.

Chart

Bottom line: We’ve warned against this gigantic Wealth Stealer from Day One. That’s why we created an entire special report on how to escape the worst of the program—while still enjoying superior health care. It’s still possible. All paid PBRG subscribers can access the report—“How to ‘Opt Out’ of Obamacare”—for free, right here.

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