OH NO! Obamacare Gets The Axe After Dried Up Funding (DETAILS)

Obamacare, the earliest program created by President Obama's health care overhaul, is being winded down quietly after financial concerns.

According to the Huffington Post, the Pre-Existing Condition Insurance Plan is said to stop taking applications from those uninsured, even though those who are already covered will not lose it.

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Congress has found a limited amount of money for the program, which is why the administration fears it will run out soon.

Erin Shiels Britt, a rep for Health and Human Services, said that the plan has "provided needed security to some of our nation's sickest people."

A woman named Amie Goldman who oversees the program said of it:

"We're glad this program was here and able to help. I'm certainly disappointed we won't be able to serve everyone who has a need for this coverage."

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The site also reports:

Starting next January 1, insurance companies will no longer be able to turn anyone away because of poor health. At the same time, the federal government will begin subsidizing coverage for millions of individuals who have no access to employer plans. That means many of the people currently in the PCIP program may end up with lower premiums once the government's financial help is factored in.

Hopefully everyone under the program can keep their coverage long enough to find a new plan.

SOURCE: Huffington Post