Big Government Doesnt Work Heres a testament to the inefficiency of Big Government. The Washington Post reports that so-called healthcare co-ops created by Obamacare are failing. What was their intended purpose? According to the Post the Congress that gave us Obamacare also decided to establish a network of nonprofit insurance companies aimed at bringing competition to the marketplace. In other words, the liberal politicians thought they knew better than the free market and decided to test their genius against private insurance companies. Predictably, the bureaucrat-designed co-ops are going bust. Only two dozen ever got started and already one has shut down, while a second is struggling and at least nine more are projected to have financial problems. When quasi-governmental entities have financial problems we know what that means: Taxpayers are potentially on the hook for nearly $1 billion in defaulted loans… But wait…theres more! The Obama Administration unveiled a new shop and browse feature on its Obamacare website this week. This was supposed to be a major improvement. But CBS News reports that the price quotes are grossly inaccurate. Reporter Jan Crawford found that …people could end up paying double of what they see on the website. CBS reports that industry executives … could not believe the government is providing these estimates… One insurance analyst told CBS that the price quotes were incredibly misleading. If Obamacare is such a great deal, why is the government trying to mislead the American people? Some tech experts are saying it could take six months to a year to fix Healthcare.govs many glitches. Not surprisingly, CNN reports that others say it would be better to blow it up and start over.
Posted on: Wed, 23 Oct 2013 22:55:19 +0000
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