Friday, March 11, 2016

The Obamacare sinkhole

Hot Air: "All of that tax money you loaned to the Obamacare co-ops? That’s probably gone."

When you don't have the money to allocate to a huge new entitlement, how do you get around that?  Easy-peasy: give out big loans that - oops! - will never be repaid.


Obamasnare said...

The hits just keep on coming. Half the Obamacare co-ops are bankrupt, insurance companies are threatening to pull out of the exchanges, billions of taxpayer money has gone down a black hole, and even liberal groups are admitting it sucks pnd water.

And for what?

By now, ObamaCare was supposed to have 21 million enrollees. A new study says it’s not likely to ever attract even 15 million.

If it weren't for the fact that families are enjoying the $2500 in premium cost savings Obamacare has provided, the whole edifice might come crashing down.

Eric said...

Ha - that last sentence.