The 7% and the $500 Million
Grass Root Journal – Jay Batman
– 10/11/2013
Premiums up
Deductible up
Demand down
Costs up - WAY up
As Digital Trends points out
in its devastating critique of HealthCare.gov, the exchanges cost more than
Facebook, Twitter, Instagram, LinkedIn, and Spotify in their first half decades
or so of existence. Those sites all work for their customers;
HealthCare.gov does not. In fact, HealthCare.gov and its affiliated
federally facilitated exchanges (FFEs) managed to sign up a whopping 51,000 Americans according to internal
HHS sources.
That would put HealthCare.gov and the FFEs on pace to top 2
million enrollees the first year, far lower than the 7 million projected and
needed for Obamacare to remain viable.
Simply put, the exchanges
represent a vast money pit, with HHS projecting $2 billion in costs to build out and operate the FFEs
in 2014 alone. The GAO’s own report outlines
$303 billion spent so far among just 10 contractors, including $88 million to
GGI Federal to build the HealthCare.gov website and its related sites.
When contacted by the Daily Caller for comment on a story about the
failures of HealthCare.gov, CGI Federal’s response was typical: “No comment.”
No comment on the $88
million that went down the drain, no comment on the abysmal failure of the
website designed with that $88 million, no comment at all. When Digital Trends
contacted Health and Human Services for comment, they got no reply at all, not
even a “No comment.”
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