(NaturalNews) Americans were told that the Affordable Care Act was the health reform law that would finally insure everyone, regardless of their ability to pay, preexisting conditions or other factors. But like so much we were promised about Obamacare, that fundamental principle of the law is turning out to be a lie as well.

Because of Obamacare's thousands of pages of requirements and rules, it has become impossible for insurance companies to operate health insurance divisions profitably through the various state exchanges established under the law. So they're pulling out, leaving millions without any coverage at all.

Just like before.

As reported by Bloomberg news, more and more people are discovering that the health insurance they thought they had will vanish next year, forcing them to find coverage anew (because of that "you have to have insurance or we'll fine you" mandate in Obamacare), even as prices rise and options dwindle.

It's the perfect storm of government stupid.

Bloomberg noted that at least 1.4 million people in 32 states are set to lose the Obamacare plan they currently have, according to state officials interviewed by the news organization. That is mostly due to insurers Aetna, UnitedHealth Group and some state and regional insurers leaving the Obamacare exchanges (because they're hemorrhaging money).
 

No one in the administration wants to admit this law is a disaster

Despite this quickening death spiral, Obamacare sign-ups begin for the year next month – and Congress and the White House remain focused on the presidential contest.

That said, Obamacare has become a major issue in this year's contest. For her part, Democratic presidential nominee Hillary Clinton has said that she supports Obamacare with some "minor" changes; GOP nominee Donald J. Trump has repeatedly pledged to "repeal and replace" Obamacare (hopefully by "replace" he means getting Uncle Sam out of the healthcare business altogether). The difference between each candidate really is that stark.