The Washington Examiner reports that health insurers participating in Obamacare are "very worried" about the announcement by the Department of Health and Human Services that plans that were supposed to be canceled this year can now be renewed for another two years. Health insurance industry consultant Robert Laszewski said, "The fundamental problem here is that the administration is just not signing up enough people to make anyone confident this program is sustainable." Indeed, though HHS reports that some 4 million have signed up for plans under the new exchanges, the real number is closer to 3 million when you factor in people who haven't paid their premiums on time or at all. As a result, they haven't developed a "sustainable risk pool" in which young and healthy enrollees will offset the cost of covering sick and older people who are guaranteed coverage through Obama's personal beneficence.
Next, Reason reports that the federal government spent more on broken state-run exchanges than it did on its own miserable system. Seven of the 14 state-run exchanges "remain dysfunctional, disabled, or severely underperforming." These failed exchanges were "funded heavily by the federal government" via grants that totaled more than $1.2 billion -- almost twice the $677 million spent to develop the federal exchange. But hey, what's a wasted couple of billion here and there? Based on Obama's reaction to similar failures in his green energy debacles, this is just another day at the office for them. Besides, surely most of that money came from rich taxpayers -- who are little better than serial felons, in the left's estimation. So no harm (to anyone who matters), no foul.
Next, House Minority Leader Nancy Pelosi said she opposes a proposal by Rep. Peter Roskam, R-Ill., to create a special inspector general to oversee Obamacare. Roskam said it's needed because "the public has been kept in the dark about a law that puts the federal government in charge of one-sixth of the economy and is wreaking havoc on America's personal health care decisions." Even though Democrats and the administration have stonewalled congressional oversight of Obamacare, Pelosi insists no additional oversight is needed, because each of the government agencies that are implementing the law has its own inspector general. That is not quite the position Pelosi took in the past concerning special inspectors general -- for the Troubled Asset Relief Program, the wars in Iraq and Afghanistan, Hurricane Katrina, and intelligence.
On top of all this, columnist John Hayward informs us that Obamacare's ultimate failure is that the uninsured aren't buying. New studies show that these uninsured are just uninterested.
It's the socialist way. Don't you see? Cite a horrendous alleged inequity and a desperate need in order to commandeer control over business and industry even though there was little evidence of such a demand in the first place.
All I'm asking is that we don't ever allow this unconscionable law to slip to the back burner of American politics. Repeal now and repeal always.