A nationwide Bloomberg News survey found that at least 1.4 million people in 32 states will lose their health insurance next year, as private insurers — facing massive losses — flee the market.

And those unfortunates face fewer and fewer alternatives for their next policy: At least one in five Americans in the individual market next year will have only one insurer to choose from in their state.

An S&P Global Ratings forecast warns that, for the first time since ObamaCare got rolling, participation in the program will actually shrink by up to 8 percent.

The Obama administration insists this is all “part of the normal business cycle,” but that’s whistling past the graveyard.