Posted on 05/06/2015 2:53:38 AM PDT by IBD editorial writer
Waste: After spending billions on state-run ObamaCare exchanges, the federal government is only now writing clear rules on how that money can be spent, while half of the exchanges head toward bankruptcy.
(Excerpt) Read more at news.investors.com ...
As tools enabling the Regime to loot the country, they're a rousing success.
Well I guess the only solution to this problem is Single payer controlled by the Federal Government,now why didn’t someone think of that before?
No, it’s namesake is the model of failure. Unless of course, your intent is to destroy the world’s greatest healthcare industry...
0DontCare will end when Boner and McConnell are standing in the dock.
bookmark
They’re very successful. They’re achieving just what Hussein and his pals wanted them to achieve.
In truth Medicare is a failure but it will never be recognized and ended for that reason. Some wise man once said that the government is good at only two things, waging war and inflating the currency and those two are closely related.
Your excerpt is excessively shortened and doesn’t contain enough info for discussion
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state-run exchanges were supposed to form the beating heart of ObamaCare. And the Obama administration dumped almost $5 billion in an effort to make it a reality.
The results have been a disaster.
Of the 37 states that received $2.1 billion in grants to establish an exchange, only 17 did so, and they got an additional $2.7 billion from the feds.
Of those 17, two went bankrupt in the first year. One of them, Oregon, had received a $60 million “early innovator grant.” Residents of those states now use the federal Healthcare.gov site.
A memo from Health and Human Services’ Inspector General Daniel Levinson warns that some of the remaining may be violating federal law in an effort to stay afloat.
ObamaCare told the states that they’d get plenty of federal money to help them set up their exchanges — but not run them. And starting this year, the state exchanges had to be self-financing — they had to pay their own way out of exchange fees or other funding sources.
Read More At Investor’s Business Daily: http://news.investors.com/ibd-editorials-obama-care/050515-751159-state-and-federal-obamacare-exchanges-an-expensive-waste.htm#ixzz3ZSMi3FEH
Remember the Stimulus bill cost per job
CBO Finds Obama Stimulus May Have Cost As Much as $4.1 Million Per Job
http://www.thegatewaypundit.com/2012/06/cbo-finds-obama-stimulus-may-have-cost-as-much-as-4-1-million-per-job/?PageSpeed=noscript
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Democrats should all be answering for this dismal performance, of course most all of them(and now all us too) suffer from bad judgement and are poor decision makers for going along with all these fraudulent bills.
Criminal money passing...pure and simple. We live in lawless times. There are many criminals among us Justice must finjd them.
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