Gov’t Report: Obamacare Has Been Funded Illegally

Much of Obama's legacy hangs on the success or failure of the Affordable Care Act, or Obamacare.  After all, he really can't point to his Middle East policy as a roaring success.  His snag is that Obamacare isn't doing much better.

Among other problems with this piece of legislation, it appears that the Obama administration didn't even follow its own law.  It's pretty sad when you get to write the legislation and then find it necessary or desirable to break it.

Here's what's going on:

The Obama administration failed to follow its own health care law by directing funds to insurers instead of taxpayers, nonpartisan government investigators said Thursday, delivering a win to GOP critics and denting the White House’s ability to satisfy insurers who are losing money under the overhaul.

Just what insurance companies needed — a government program to help them lose money.  So the Obama gang tried to paper over the problem by sloshing some money to insurance companies to make the ACA less of a disaster for them.

The GAO conclusions are another setback for President Obama, who is trying to put his signature law on firmer footing before he leaves office.

Major insurers have withdrawn from the program, citing a costlier-than-expected customers base and shortfalls in payments designed to mitigate their losses.

Like what was mentioned at the beginning of this article, health care is serious business.  People's quality of life depend on it.  It's incredibly costly.  And what we do not need is some poorly-conceived health care legislation that the administration itself won't even follow.

Another part of the Obama legacy bites the dust.

Source:  Washington Times



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