Wasn't it Margaret Thatcher that said "Socialism works until the money runs out?"

So it's a sad ALOHA to Hawaiian Obamacare.

I am not good at math, and have never had economics. But I know that when a penny leaves my hands it should scream as I pinch it.

This is not a difficult lesson.

Jan

Apart from the higher costs of Obamacare in terms of premiums (gift to the insurance companies for their support), the real stinger is the deductible. $5-$6k per year is WAY above what it used to be, and means ordinary people cannot actually use the subsidized care they thought they were getting cheap. No wonder people dont want to sign up

The real problem is that the legislators seem to be oblivious to this failed attempt at a program as they are all other failed government programs so they in essence refuse to void, delete, cancel or repeal the program. They just let it ride to the detriment of ultimately the nation.

Kenya had Obamacare?

We didn't have these issues before the advent of the calculator (which no politician seems to know how to use). So using the numbers in the article: the administrative costs for Obamacare is about $8K per person. This doesn't include the cost of insurance. What a plan.

Get used to it. There are plenty of people in power who could not pass an economics test. Worse yet, most of them never even took economics!

Why are you amazed?!? Politicians have been lying for years about how they can fix things that they have no knowledge about at all. All it takes, according to them, is a determination to "do something," and everything will turn out all right. The amazing thing is the inability to learn from over 50 years of failure, as if the acknowledgement of failure was a blotch on their humanity, rather than a facing of facts.

this whole system tried to screw the States, and
many saw it coming. . others are learning, along
the way to Utopia. -- j
.

I have a sinking feeling that this is not good news for the detractors of Oblablacare. From the article:
"The federal government then declared its intentions to take over the state-based marketplace if it could not secure the funds it needed to operate from the state government, the Star-Advertiser reported back in April. At that time, HHC Executive Director Jeff Kissel was asking for between $9 million and $10 million in state funding to keep the exchange up and running, the article stated."

So if the state-run exchanges fail, the Federal government will rush in and take it over. Voila! Single-payer health care system. Oblabla gets what he wants because the ACA was designed to fail.

Not a single Republican voted for it in 2010, but now that they may be accused of denying health care to people, how many do you think will vote to bail out the states? The best thing they could do is sit back and let it fail, and educate the American people about trusting leaders who promise the moon and the stars in exchange for one little vote.

Maybe our Chairman Presidebt should have studied economics instead of the U.S. Constitution that he once later taught as some kind of scholar.
On second thought, no.
Consider the sociopath that would be giving ammunition to (if he did not Cloward and Piven have it already).

Ideology alone, and Alinsky subterfuge.. What society on the planet would KNOWINGLY vote in statism/totalitarism? There is a slim hope that continuing exchange failures will wake up enough sleeping citizens in time. Regards.