As the Obama administration touts its latest enrollment numbers for the ObamaCare exchanges, some state networks are grappling with major changes ahead of the next sign-up period – meaning more cost to taxpayers.
The biggest overhaul came out of Oregon, which last week decided to junk its broken health care exchange and turn to the federal government for help.
"Their health exchange has been a disaster,” said Michael Cannon, of the Cato Institute.
"They're the only state in the country that built their own exchange and couldn't get it to a level of functionality to sign a single person up,” said Jim Capretta, of the Ethics and Public Policy Center.
But Oregon isn’t the only state still struggling, months after the major problems with HealthCare.gov were addressed.
Systems in Vermont, Massachusetts, Nevada and Maryland continue to have problems.
"The federal government spent about a billion dollars on those five state exchanges, and none of them are very likely to work well ever,” Capretta said. “So that's a lot of wasted taxpayer money."
Maryland's exchange imploded, and it decided a month ago to adopt the system used by Connecticut. But officials say they’ll need $40-50 million more to cover the costs.
Officials refuse to say where the money will come from, but taxpayers somewhere will pay.Read the rest of the story HERE.
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3 comments:
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HopeyChangey
We got lot of CHANGES that we did not HOPED for.
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Let’s recap:
If you like your insurance policy, you can keep it.
No, wait.
If you liked your policy, it was probably worthless anyway.
Scratch that.
If your junk policy was canceled and you still want it,
you can keep it. _ Er, get it back.
Whatever.
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Policy cancellations, premium increases and plan changes
are not finished; they’re just getting started,
and their impact will roll through the country all summer.
Many people, who haven't seen any increases yet,
eventually will – and they will be floored
when they discover how much health care will cost.
Don’t think that won’t affect their votes in the fall.
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The next obamacare disasters
http://nypost.com/2014/04/13/the-next-obamacare-disasters
Betsy McCaughey
http://betsymccaughey.com
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Millennials who heard Obama say on “Between Two Ferns”
that they can buy a health plan for
the price of a cellphone contract
won’t be laughing when they realize
what the $5,000 deductible means.
http://nypost.com/2014/03/11/obama-brings-the-lols-on-between-two-ferns
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People can't afford the deductible
Obamacare Puts Economy on Voters' Minds
Obamacare, at its core, is an economic problem.
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Don't Believe the Spin, Obamacare is Still a Loser
www. realclearpolitics.com/articles/2014/04/21/dont_believe_the_spin_obamacare_is_still_a_loser_122347.html
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Searching the WEB repository REVEALS that:
TEAM Bill CLINTON & Wall Street
Fueled FINANCIAL CRISIS of 2008
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» Bill CLINTON Pushing Home Ownership to
new highs via government COERCION.
» Pres. Bill CLINTON and Robert RUBIN —
unleashing Wall Street RISK–taking.
Bill CLINTON signed into law in 2000:
The Commodity Futures Modernization Act,
which exempted Over–the–Counter
SWAPS and DERIVATIVES from Regulation.
The idea was to Distribute RISK; unfortunately,
the effect was to Magnify RISK.
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Banks lurched from CAUTION to bubble-inflating RECKLESSNESS
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Two PEAS in a POD
» Pres. Bill CLINTON and Robert RUBIN —
unleashing Wall Street RISK–taking.
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How 'Reckless' Greed Contributed To Financial Crisis
Reckless Endangerment: How Outsized Ambition, Greed,
and Corruption Led to Economic Armageddon
www.q-and-a.org/Transcript/?ProgramID=1398
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Wall Street built a DOOMSDAY MACHINE
Turning Garbage into GOLD
http://upstart.bizjournals.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom.html?page=all
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The True Story of the FINANCIAL CRISIS
http://spectator.org/print/37680
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Brooksley Born, Alan Greenspan, and The Warning
www.pbs.org/wgbh/pages/frontline/warning/etc/script.html
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FRONTLINE tells the inside story of
the global FINANCIAL CRISIS
www.pbs.org/wgbh/pages/frontline/money-power-wall-street
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The Brass Standard
www.nationalreview.com/node/316725/print
www.nationalreview.com/articles/316725/brass-standard-thomas-sowell
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About those POLICIES that got us into this Mess
www.BLOOMBERG.com/news/print/2012-09-12/about-those-policies-that-got-us-into-this-mess-caroline-baum.html
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Wall Street's Delusion — 60 Minutes
www.CBSNews.com/2102-18560_162-6292458.html
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Michael Burry spotted the huge bubble
in the subprime-mortgage bond market, in 2004,
then created a way to bet against it
www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004
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The Man who CRASHED the World
The most sensational CORPORATE COLLAPSE,
a COLLAPSE that would have led to the BANKRUPTCY
of every major American financial institution
If it hadn’t been for A.I.G. F.P.
the Subprime-Mortgage Machine
might never have been built
www.vanityfair.com/politics/features/2009/08/aig200908
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The Man who CRASHED the World ?
I think Michael Lewis is actually too harsh on AIG FP.
They made bad decisions, they essentially
blew up all of AIG, and they required an
enormous taxpayer-funded bailout to limit
the collateral damage.
But holding them responsible for
the bad decisions at all the Wall Street
investment banks — seems a bit much.
http://baselinescenario.com/2009/07/15/aig-fp-michael-lewis/
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The 2008 Banking COLLAPSE and the Great Recession —
Whoever is putting those looonnnng posts that are difficult to read. Stop. Put it all into one easy to read post, and not this double spaced line crap.
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