Sen. Toomey: Obamacare in 'Death Spiral'

The Affordable Care Act is in a "death spiral" predicted by Republicans, Pennsylvania Sen. Pat Toomey said Sunday.

"If we look at what is happening right now, I think we’re witnessing the death spiral that many of us predicted," Toomey said on "The Cats Roundtable" on AM 970 in New York. "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."

Only the older and sicker are participating, Toomey told host John Catsimatidis, and that drives up costs, causing younger, healthier people to drop out.

Toomey noted that "fully half of the healthcare co-ops around the country have already failed," and "The other half are probably going to fail next year."

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