The latest nail in ObamaCare’s coffin

The New York Post reports:

Count it as another nail in ObamaCare’s coffin: Humana, one of the country’s top insurers, announced Thursday that it’s pulling out of ObamaCare exchange plans in all but a few states next year.

It will offer policies in “no more” than 11 state marketplaces, down from 19. The numbers don’t add up: Humana took nearly $1 billion in losses from the coverage this year.

This follows the exit from the exchanges of such other giants as Cigna and UnitedHealth Group, also after outsized losses.

It’s the much-feared “death spiral”: Too many older, sicker folks are resorting to ObamaCare policies, and not enough younger, healthy folks. So the average enrollee is running up higher bills than the insurers expected — and raising rates will only scare away even more lower-cost customers.

The struggle of fascist style medicine.