Dean James III% AMERICA’S FREEDOM FIGHTERS –

Hillary and Bernie just got some really bad news in the form of an epic failure regarding Obamacare. In a nutshell, it’s a complete failure which is bad news for democrats and socialists. 

As the 2016 presidential election goes on to the next phase there is a major problem with double-digit insurance hikes as millions of Americans begin signing up for Obamacare.

But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates, Politico reports.

Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

“I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. “A number of carriers need double-digit increases.”

Just over half of the 23 nonprofit startups seeded with Obamacare loan dollars have collapsed after hemorrhaging red ink. The 11 surviving plans continue to struggle, with more than $400 million in combined losses last year.

In other words, Obamacare is a complete failure. Just like everything he does.