{"id":22786,"date":"2015-05-04T19:59:37","date_gmt":"2015-05-04T23:59:37","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=22786"},"modified":"2015-05-04T19:59:37","modified_gmt":"2015-05-04T23:59:37","slug":"obamacare-exchanges-are-losing-money","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/22786\/obamacare-exchanges-are-losing-money\/","title":{"rendered":"ObamaCare Exchanges Are Losing Money"},"content":{"rendered":"<p>The reason 35 states chose not to build a local ObamaCare exchange \u2013 even though the federal government made billions of dollars available to do so \u2013 is pretty simple: After an initial burst of funding the a state must foot the bill to maintain it.<\/p>\n<p>That\u2019s turning out to be a very costly proposition.<\/p>\n<p>Consider Oregon.<\/p>\n<p>\u201cThe case of Oregon is the most extreme,\u201d <a href=\"http:\/\/www.washingtonexaminer.com\/obamacare-exchanges-are-not-cheap-to-build-or-run\/article\/2563914\" target=\"_blank\">explains an editorial<\/a> in the Washington Examiner. \u201cAfter spending $200 million to develop its own health insurance exchange, the Beaver State was forced to abandon it altogether because of pervasive and intractable technical problems.\u201d<\/p>\n<p>It gets worse.<\/p>\n<p>\u201cTiny Vermont spent roughly $4,000 for every uninsured Vermonter to develop its exchange \u2013 more than enough to buy a pre-ObamaCare policy for everyone for an entire year,\u201d says the editorial. \u201cAnd yet after spending so much, the Green Mountain State may soon follow Oregon\u2019s lead in abandoning its creation. Minnesota faces a similar situation.\u201d<\/p>\n<p>Recall that ObamaCare\u2019s upfront establishment grant money was designed to make it seem like the controversial health law didn\u2019t add to the federal deficit by enticing states to take on the legacy costs of operating the exchanges. With Healthcare.gov becoming the <em>de facto<\/em> nationwide ObamaCare exchange, that gamble has backfired, but not before wasting lots of taxpayer money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The reason 35 states chose not to build a local ObamaCare exchange \u2013 even though the federal government made billions of dollars available to do so \u2013 is pretty simple: After an initial burst of funding the a state must foot the bill to maintain it. That\u2019s turning out to be a very costly proposition. [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3007,3308,1829,35,61,1912],"class_list":["post-22786","post","type-post","status-publish","format-standard","hentry","category-posts","tag-exchange","tag-health","tag-insurance","tag-obamacare","tag-spending","tag-states"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=22786"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22786\/revisions"}],"predecessor-version":[{"id":22790,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22786\/revisions\/22790"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=22786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=22786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=22786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}