Obamacare is not working...

[Conservative]

Big surprise here, huh folks...


RealClearMarkets - The Emerging Obamacare Truth Is Disarray

The Obama team is woefully behind its own schedule for implementing features of the legislation. The critical regulations outlining what the Obamacare insurance benefit will look like was supposed to be out more than six months ago. Now it looks like this regulation won't be dropped until after the election. This is just one key aspect of the program that is way behind the administration's own timeline.

The temporary "high risk" pools that Obamacare created, to provide a way for those with pre-existing health conditions to get insurance immediately, are undersubscribed yet way over budget. The Congressional Budget Office estimated that the $5 billion allocated to these pools could enroll 200,000 consumers. They envisioned enrollment growing to more than 400,000. But only 77,877 have signed up as of July, yet the program is way over its budget. More than a quarter of these state-based risk pools are short on cash.

The CLASS Act, which was supposed to provide consumers government-financed long-term care insurance has been abandoned, blowing an $86 billion dollar hole in Obamacare's cost estimates... In abandoning the measure, the President's own health secretary called the scheme "unsustainable."

The crown jewel of Obamacare's effort to contain healthcare costs, the creation of Accountable Care Organizations, is so unwieldy that major provider groups have said they won't participate... In another rebuke, an umbrella group representing premier medical organizations said 90 percent of its members wouldn't partake.

New regulations Obamacare puts on insurers have been so unworkable that the Obama team has had to dole out 1,231 waivers... Entities winning the preferences are over-represented by plans offered by unionized businesses and other administration allies.

Because of the way Obamacare defines what's "affordable" to these families, many working-class people would be unable to afford family coverage offered by their employers, and yet they would not qualify for subsidies provided by the law.

So what's left for the President to tout?

Not much. Obamacare isn't even in full swing, and at every turn, the program is crumbling. The President's team is banking on a second term to try and right all of its fiascos but there's an emerging truth that the scheme is simply unworkable.

 

[Wyld Kard]

I can agree to the facts that NOT only is Obamacare NOT working, it is also by far one of the worst plans to come out of DC, and will drag America further and further down in debt.

Most people doesn't even realise that Obamacare is the failed Clinton Healthcare Plan from the 1990's. That's why the witch Nancy Pelosi stated: " We have to pass it to find out what's in it."