Four Obamacare exchanges in ruins - wasting nearly half a billion dollars in federal funds
By Catholic Online (NEWS CONSORTIUM)
5/12/2014 (3 years ago)
Catholic Online (www.catholic.org)
Four states, Massachusetts, Oregon, Nevada and Maryland have seen their Obamacare exchanges drastically under-perform, racking up nearly half a BILLION dollars in federal debt. The cost of rehabilitating these exchanges may even go higher.
The federal government is now between the proverbial rock and hard place. They could rush wiring more exorbitant checks to try and keep these exchanges afloat - or adding still more states to HealthCare.gov, which will cost approximately the same.
LOS ANGELES, CA (Catholic Online) - All four of these exchanges have faced strong criticism. The four are now rushing to rebuild their systems or transition to the federal exchange.
The federal government is now between the proverbial rock and hard place. They could rush wiring more exorbitant checks to try and keep these exchanges afloat - or adding still more states to HealthCare.gov, which will cost approximately the same. The federal system is already serving 36 states, much more than was previously anticipated.
A few of the contractors, which is shouldering the majority of the blame in this case, continue to insist that it's possible to set the system aright. Still others are braced for possible legal action; either that, or holding their collective breaths if now-sullied contracts will be terminated.
The $474 million spent by these four states includes the cost that officials have publicly detailed to date. If Minnesota and Hawaii, which have suffered similarly dysfunctional exchanges, are added, the costs will only climb higher.
These totals are just a fraction of the $4.698 billion that the nonpartisan Kaiser Family Foundation calculates the federal government has approved for states since 2011 to help them determine whether to create their own exchanges. The amount of money that now appears lost is prompting calls for far greater accountability.
What is next for these four states? Nevada is still trying to figure out its future. Oregon has decided to switch to HealthCare.gov. Maryland wants to fix its own exchange, maybe by incorporating what worked in Connecticut. Massachusetts actually wants to do both. They want to start from the ground up while using the federal exchange as a backup.
Massachusetts' dual-track approach could require more than $120 million on top of the $170 million it already has been awarded, nearly twice the cost if the state were to simply bail on its Connector. Officials seem to be banking in part on the Obama administration's greater interest in helping the Massachusetts exchange to continue.
"Instead of a quixotic sprint to rebuild the whole site in five months, state officials should instead pivot quickly to utilize the federal exchange, saving taxpayers tens of millions of dollars in the process," Josh Archambault, a senior fellow with the right-leaning Foundation for Government Accountability says. He argues that the state's efforts to salvage its exchange is inherently just cosmetic.
Copyright 2017 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for AUGUST 2017
Artists. That artists of our time, through their ingenuity, may help everyone discover the beauty of creation.
Sen. Bob Corker joins ranks of seditious who want to overthrow a democratically elected government Watch
Senator Bob Corker has blasted a sitting president who belongs to his own party, and made remarks that border on sedition. As chairperson ... continue reading
Americans are fed up with the poor job Congress is doing. Many are calling for change, but how can Congress be reformed when everything ... continue reading
Corrupt media censoring news of lawsuit against Democratic National Committee that allegedly committed FRAUD to nominate Hillary Clinton Watch
The media is ignoring a major lawsuit against the Democratic National Committee (DNC) and its former chairperson, Debbie Wasserman Schultz. ... continue reading
How many nuclear weapons are there in the world? 14,995 according to the US Defense Intelligence Agency. Up to 60 of those could be in the ... continue reading
Miami-Dade says it will comply with Trump, and is no longer a sanctuary for illegal immigrants Watch
Miami-Dade County is no longer a sanctuary for illegal immigrants. The city has sent a letter to the Trump administration to explain how ... continue reading
by Catholic Online
- As terrorists attacked, one church opened its doors. Here's what ...
- Forget Winter, Recession is Coming
- Priest admits to being former member of KKK, and speaks out about his ...
- St. Bartholomew: Saint of the Day for Thursday, August 24, 2017
- Archbishop reveals a surprise about Medjugorje HD Video
- Daily Readings for Thursday, August 24, 2017
- In Barcelona, a church responded to a terrorist attack by opening its ...
- daily readings
- saint george
- saint james
- Saint Patrick
- st. francis
- st. jude
- st. peter
- mother theresa
- st james
- st joan of arc
- advent prayers
- St Joseph
- ten commandments
- Pope Francis
- saint agnes
- St Anthony
- 10 commandments
- mary magdalene
- Patron saints
- st bernadette
- Trump announces new Afghan strategy - do we get to win this time? HD
- Does the Aug 21 eclipse spell doom for humanity? HD
- Daily Reading for Thursday, August 24th, 2017 HD
- 10 US Sailors missing after serious collision in Southeast Asian waters HD