Obamacare was designed to shift the cost of healthcare for the old onto the young, by capping the maximum difference between the premiums paid by the two groups. This had the predictable effect that young people didn't sign up for health insurance in the numbers predicted. So insurance companies lost money and left the market, and the remaining companies are hiking prices at an astronomical rate, far beyond what even its critics predicted. Obamacare is failing because its creators failed to grasp either economics or insurance, and then shot the messenger rather than fixing it.

Worse still, Obamacare was structured with a bunch of subsidies that expire over the next few years, lasting just long enough to push the pain into someone else's presidency.