Sen. Pat Toomey: Obamacare Is in a ‘Death Spiral’

On Sunday’s “The Cats Roundtable” on AM 970 in New York, Senate Health Care Committee chairman Sen. Pat Toomey (R-PA) warned that ObamaCare is in a “death spiral.”

“If we look at what is happening right now, I think we’re witnessing the death spiral that many of us predicted,” Toomey told host John Catsimatidis. “Especially given a hospital has to treat someone who shows up, and you can buy health insurance even if you already have an existing condition, these people are not in fact signing up and paying the premiums. So, the people who are participating are the older and sicker people, that’s driving people up, that causes a further exodus of younger, healthy people.”

Toomey also said that “fully half of the healthcare co-ops around the country have already failed,” and he predicted that the other half will fail next year.