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