« Study: Persistent marijuana users experience downward socioeconomic mobility | Poll: At least one-quarter of Americans want to nuke ISIS »
April 1, 2016
ObamaCare: A very expensive six-year-old!
ObamaCare just turned six, and it is one expensive law, as we just read in the Tribune Review editorial:
On the sixth anniversary of President Obama signing the ObamaCare law and saddling the nation with its regulatory diktats, here's a disquieting statistic that won't be trumpeted: $55 billion in waste and counting.
Investor's Business Daily crunched the numbers. More troubling still is that the hemorrhaging will continue from this health care mess. Among the losses to date:
• $1.2 billion in startup loans for ObamaCare's 12 (out of 23) failed insurance co-ops.
• $1.5 billion in failed or unrealized state-run health exchanges — and not one of the remaining 14 is fully functional, according to a government audit.
• An estimated $45 billion for the 165 million hours that businesses and individuals spent trying to comply with ObamaCare's 106 new regulations.
• $750 million in public subsidies to more than 500,000 people...(Read Full Post)
COMMENTS ON AMERICANTHINKER