Sunday, May 17, 2015

Obamacare Exchanges collapse in seven states costing taxpayers millions more

This just in.  “Despite over $205 million in federal taxpayer funding, Hawaii’s Obamacare exchange website will soon shut down.  Since its implementation, the exchange has somehow failed to become financially viable because of lower than expected Obamacare enrollment figures. . . . Unfortunately, taxpayers will have to hand out an additional 30 million so that  Hawaii can migrate to the federal system.”  American’s for Tax Reform  I am shocked.  Shocked!

Hawaii is not the only state-wide Obamacare exchange to fail. The Oregon, Massachusetts, Maryland, Vermont, New Mexico, and Nevada Obamacare exchanges have already collapsed costing tax payers millions and millions more. Any way that you slice it the collapse of so many state exchanges is yet another major failure of the Obama Care law. I am shocked.  Shocked!  

But how could this be happening? The Affordable Health Care Act (aka Obamacare) was supposed to bend the cost curve and usher in a new era of, well affordable health care.  Obamacare should be working, we are told, because it puts the Federal Government squarely in control of a massive percentage of the health care system thus creating a giant, centrally planned, bureaucratically operated, politically motivated system that takes hard earned money from tax payers and gives it to politicians and their special interest cronies (e.g. insurance companies).  

 How could it fail?  I’m just shocked. Shocked! Really I am (not).

 – Mark Van Schuyver

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