“Nearly half a billion dollars in federal money has been spent developing four state Obamacare exchanges that are now in shambles — and the final price tag for salvaging them may go sharply higher.
Each of the states — Massachusetts, Oregon, Nevada and Maryland — embraced Obamacare, and each underperformed. All have come under scathing criticism and now face months of uncertainty as they rush to rebuild their systems or transition to the federal exchange.”
“Insurers who are not selling their wares on Washington, D.C.’s exchange have signaled they may sue to block a D.C. council plan to charge them a 1 percent annual tax on all health-related plans sold in the city. The revenue would pay for the continuing operation of online marketplace.”
“Sometimes there really are economies of scale. And the nation’s health insurance exchanges may be a case in point.
As rocky as the rollout of HealthCare.gov was, the federal exchange was relatively efficient in signing up enrollees. Each one cost an average of $647 in federal tax dollars, an analysis finds. It cost an average of $1,503 – well over twice as much – to sign up each person in the 15 exchanges run by individual states and Washington, D.C.”
“The total cost to implement Obamacare in Massachusetts surpassed a half-billion dollars yesterday, as the Health Connector board agreed to seek an additional $121 million in federal funds to try to rescue the money-hemorrhaging health exchange.”
“When the president said in his first inaugural address that middle-income Americans “will not see your taxes increased a single dime,” most still believed in his supreme powers to solve the nation’s toughest problems, including health reform, that had so thwarted his predecessors.”
“The FBI is reportedly investigating criminal fraud by the architects of Oregon’s ObamaCare program, but maybe the G-men should take a look on the East Coast too. Like Oregon two weeks ago, Massachusetts announced on Monday that it is dumping its dysfunctional insurance exchange and defaulting to the federal version—though in fairness to Governor Deval Patrick, his crimes are merely against competent government.”
“The city council of Washington, D.C., voted Tuesday to allow a tax on all health insurers selling inside the district to fund its Affordable Care Act insurance marketplace.”
“The D.C. Council on Tuesday unanimously approved a broad tax on all health-related insurance products sold in the nation’s capital to solve a big money problem faced by its online health insurance exchange.”
How Obamacare pays off insurers.
“The District’s health exchange has a problem — a big money problem.
Like the 14 states that started online marketplaces, the District faces a year-end deadline to prove its Web site can move past technology glitches to meet the next looming challenge in President Obama’s Affordable Care Act: financial self-sufficiency.”