DonDiego has come across an excellent brief summary of where Obamacare stands now, . . . and its likely future: The Exchange System is Collapsing
It is an excellent read.
F'rinstance, For the fiscal year 2015, the Government "has $363 million to divvy up [in the Risk Corridor Program] while insurers have requested $2.87 billion."
i.e. Because the 2014 Spending Bill required the Program to be "revenue neutral", i.e. no new taxes, there is no more money for the insurers.
Oh, . . . but that's not all.
There is an outstanding summary of why the Obamacare Co-Ops are failing at reason.com
*****quote***
A government program being poorly run is nothing new, of course. But the co-ops established under the health care law were subject to a series of regulations that make you wonder how they were ever supposed to succeed in the first place.
"It should be no surprise that so many of them are going belly-up," said John Davidson, director of health policy for the Texas Public Policy Foundation, on the latest edition of the Watchdog Podcast. "The rules that they put on these co-ops almost set them up to fail."
For starters, the co-ops were barred from hiring anyone who had served at an executive level at any health insurance company in the country.
etc., etc., etc. . . . . . . .
[boldface added - DD]
***endquote***
What pure incompetence ! What a disaster !
