Health care analysts are predicting that the 13 states — and the District of Columbia — that are currently offering Obamacare insurance exchanges will cease operations within five years.
According to a report on CNBC.com, federal subsidies provided to the states as part of the passage of the Affordable Care Act in 2009 are ending, after the government invested $5 billion overall to establish the exchanges.
Where will consumers go for information on cheap, Obamacare-compliant health insurance policies? Most likely, analysts said, they will go to HealthCare.gov, the troubled federal exchange site set up by the U.S. Department of Health and Human Services.
Another $5,000,000,000 down the drain? Meh. That’s nothing compared to the endless bills we’ll pay for Medicaid expansion and all the new middle class entitlements.
Once the few state exchanges close, everything will be handled, if I haven’t stretched that word all out of shape, at the federal level. Yet insurers still won’t be allowed to sell — and compete — across state lines.
The stupid, it hurts.