Wednesday, March 30, 2016

Who Could Have Seen That Coming?

$1.2 billion in startup loans for ObamaCare's 12 (out of 23) failed insurance co-ops. 
• $1.5 billion in failed or unrealized state-run health exchanges — and not one of the remaining 14 is fully functional, according to a government audit. 
• An estimated $45 billion for the 165 million hours that businesses and individuals spent trying to comply with ObamaCare's 106 new regulations. 
• $750 million in public subsidies to more than 500,000 people who weren't eligible for coverage. 
• $3.5 billion diverted from the Treasury to insurance companies to help cover their losses.

Pretty good start for 6 years, but there's more waste where this waste came from.  Hard to see though how this will bend the "health care cost curve" in the right direction.

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