23 share
good intererst
Understand
that the "back end" of the ObamaCare website is where all enrollment
information is collected and transferred to the several insurance companies.
It is, also, where enrollment information is used to give an
accounting for such things as enrollment numbers, profitability (libs would
prefer the term "sustainability'), insured demographics, and the
like. Sadly, this "back half" is not, yet, "up and running."
You may not know this, but most, if not all,
bonafide enrollment information is being transferred by hand because of the systemic issues involving the final stages of the website.
In this
video, we have a spokesman for Aetna
admitting that the company does not know the demographics of its newly insured
population (whether young or old, healthy or sick). He does know
that the 600,000+ enrollees are more old and sick, than otherwise.
He also knows that 87% of those enrolled are subsidized. And,
if you listen carefully, you will realize that Aetna
hopes for a 3 to 5 percent profit margin, but, currently, it
is not earning any money from ObamaCare.
Medicare owes itself 47 trillion
dollars and Social Security owes itself (they call it "unfunded
liabilities") 17 trillion at last count -- neither program
would be viable in the private market or in a government circumstance that does
not invent money. But, because we, the United States of America and its "dollar," are the world's currency and can
print money because of that fact, we think we don't need our do-gooder, welfare programs to be sustainable. The profit-hating Marxists among us, see no need to balance budgets or protect profit margins at some level.
Most Americans do not realize that Medicare is the heart and soul of
ObamaCare and is broken beyond repair, as a financial system. There is no
reason to believe that ObamaCare will not add another 50 trillion to Medicare debt,
in the coming four decades, just as Medicare has done in its first four decades. The problem?
Too large a population demand on the system. The fact of the matter
is this: Big Government does not work . . . . . period.
Such is not even debatable. The evidence is "in,"
and the conclusions have been clear for a generation or more.
Update: A failure
of management by the Obama administration led to the disastrous rollout of the
ObamaCare website and caused the government to incur tens of millions in
additional costs, according to a congressional watchdog report released
Wednesday.
In a
recent report, the Government
Accountability Office (GAO) has concluded after a months-long investigation
into the rocky rollout of ObamaCare – the website, that the Centers for
Medicare & Medicaid Services’ failure to establish “effective planning or
oversight practices” was to blame for website’s myriad problems after it was launched. Mismanagement and stupidity has added “tens of
millions in additional costs”
totally $840 million and
counting.
The back
end of the site remains broken, and –
perhaps – beyond repair.
The “cost
increases” include those for the glitchy computerized sign-up system for
consumers, which ballooned from $56 million to more than $209 million from
Sept. 2011 to Feb. 2014. The cost of the electronic backroom for verifying
applicants' information jumped from $30 million to almost $85 million. This is the “back end” of the web site, and,
as mentioned above, it remains
broken in spite of a $175 million dollar bill for fixes to the website.
Sen.
Orrin Hatch, R-Utah, one of the lawmakers who requested the investigation, said
in a statement Wednesday that the report “confirms our worst fears. Millions
of taxpayer dollars were wasted to build a website that didn't work, all
because of bureaucratic incompetence,” he said.
Over the
months, a reported 8 million American’s
have signed up for coverage, but as many
as 4 million people may not have coverage,
at all, due to lost application
information and the a failure in the subsidies program.
The
Associated Press, Fox News and Midknight Review all contributed to this report
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