The Government Accountability Office (GAO) has been touting a "modest" $394 million price tag for the flailing Obamacare website, but the truth is that the Obama administration has awarded contracts totaling over $1 billion in U.S. taxpayer dollars, a Bloomberg Government Analysis (BGOV) found.Now wait until you see how all that taxpayer money was spent...
Sebelius Testimony Exposes an Alarming Truth About Obamacare
After avoiding Congress for a week, Health and Human Services Secretary Kathleen Sebelius finally addressed the Obamacare launch disaster yesterday (Wednesday) - three years and roughly $175 million in taxpayer dollars later.How could this have been allowed to happen?
How Self-Serving Politicians – Not Tech – Ruined the Obamacare Launch
Everyone agrees the Obamacare launch has been a total disaster, but the reason why it has been such a disaster is the real scandal.
The Obama administration spin machine has been running in overdrive trying to convince a skeptical American public that the Oct. 1 Obamacare launch went bad for technical reasons. They said traffic from a populace thrilled that the insurance exchanges had finally arrived overwhelmed the site.the administration itself sabotaged the central tool of its heallhcare overhaul...
Want Cheaper Healthcare? Just Make Less Money
Over the weekend, the San Francisco Chronicle delivered a stunning message that discourages and demotivates American workers from earning more income and promotes greater government dependency.
It's all thanks to sloppy incentives created by the Affordable Healthcare Act.
The Chronicle reported that Karen Pollitz, a senior fellow at the Kaiser Family Foundation, said last week that workers in California should consider reducing their 2014 income and work hours in order to qualify for Obamacare subsidies.
"If they can adjust (their income), they should," said Pollitz. "It's not cheating, it's allowed."
This isn't going to end well...
Early Problems with Obamacare Are Bigger Than a Glitch
After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government's healthcare exchanges should have been ready to go.
But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.
"These are not glitches," an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. "The extent of the problems is pretty enormous. At the end of our calls, people say, 'It's awful, just awful.'"Here's why Obamacare is falling apart and what that means for you...
Obamacare Online Exchanges: 9 Real Life Experiences from Money Morning Readers
Considering taxpayers shelled out more than $500 million to build the Obamacare online exchanges, we'd like to know how they're actually operating, for good or for bad.
We know it's not all good...
For example, the federal government is operating an exchange for 36 states, and it's seen some of the worst complications. Part of the problem is volume: Within three days, a whopping 8.6 million people visited healthcare.gov.
We also know that Obamacare's success depends on having a large number of people enroll - especially the younger, healthier crowd. The Congressional Budget Office says Obamacare needs 7 million people to sign up at a minimum for it to stay afloat financially.To read more click here...
5 New Obamacare Facts You Need to Know
Keeping you up to date on the latest Obamacare facts - Today (Tuesday) marks the beginning of the much-anticipated Obamacare open enrollment for the new marketplaces - which hasn't gone smoothly.
The federal government operates these marketplaces, or exchanges, across 36 states, and the Obama administration anticipates seven million people will apply for coverage across the six-month open-enrollment period.
The exchange rollout comes as a wash of just-released polls on Obamacare shows the public hasn't embraced our country's new healthcare law.
That's why U.S. President Barack Obama has ramped up speeches and interviews this week addressing Obamacare facts and issues, along with party leaders across the country.
And he has plenty to address...Read more...
An Obamacare Bailout: A Struggling City's Best New Budget Tool
Call it an "Obamacare Bailout" - while millions of Americans look for ways to opt out of Obamacare, broke Detroit is trying to get its residents signed up as soon as possible.
You see, Detroit has grossly over-pledged its benefits, pensions and fully-funded health care plans to thousands of public sector employees for decades, while its tax revenue dwindled.
Now Detroit - after filing for Chapter 9 bankruptcy July 18 - can't deliver on its pricey promises.