Obamacare is proving to be a lesson in government waste, inefficiency, and incompetence. Does anyone in the world think that a private company could survive if it spent money the way several states have done on their health care exchanges? Massachusetts, Maryland, and Oregon have already abandoned their expensive efforts, and more states are expected to follow. Hawaii may be one of them: The chief executive of Hawaii's largest health insurance company is calling on Hawaii to shut down its beleaguered health insurance exchange, which was set up as part of President Barack Obama's signature health care law. Michael Gold, president and CEO of Hawaii Medical Services Association, says the state shouldn't keep spending money on the Hawaii Health Connector, a system that he says is financially unsustainable and does not work. (snip) The rollout of Hawaii's health exchange was delayed and plagued with technical problems. The Connector was awarded more than $200...(Read Full Post)