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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757474  
Subject: Obamacare is crumbling my friends Date: 3/23/2013 10:19 AM
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http://www.rightwingnews.com/column-2/obamacare-is-crumbling...

Obamacare is falling apart before our eyes. The long-term care insurance program known as the CLASS ACT was deemed financially unworkable and shut down by the administration’s own actuaries. Taxpayer-funded health care cooperatives never got off the ground and were shut down in the fiscal cliff deal. Last month the federal Pre-Existing Condition Insurance Plan stopped accepting enrollment applications. This week 79 U.S. senators, including 34 Democrats, voted to repeal the law’s medical device tax. Premiums in the individual and small group markets could spike as much as 116 percent next year. The wheels are already wobbling and the worst is yet to come.

The exchanges at the heart of the new Obamacare entitlement are slated to be up and running for open enrollment beginning October 1. Millions of Americans will be dumped into these exchanges by employers dropping coverage and millions more will be forced to enter the exchanges by the individual mandate. But will there actually be functioning exchanges for them to go to? Maybe not.

The Obamacare law was written to incentivize states to do the heavy lifting of setting up and running the exchanges, which are administratively and technologically complex. But more than half the states said no thanks, looking at the proposed regulations and long-term operating costs and choosing to let the feds try to administer their own mess. And the states that did choose to play ball weren’t able to make much progress because the Obama administration stalled key regulations until after the election.

Now the feds are rushing to get the exchanges ready.
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That's a shame. Seriously, wouldn't the prudent thing to do at this point be just to shut it down? They passed it, they found out what was in it, it blows, start over with actual reforms that will work.
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