Posted on 10/16/2013 5:35:18 AM PDT by Oldeconomybuyer
Nothing is more important for a startup burning through cash than winning customers and revenue.
So problems with the Affordable Care Act’s online marketplaces, also known as exchanges, aren’t just an inconvenience. They’re a threat.
Nobody is pushing the panic button. March 31, the end of enrollment, is several months away.
Co-ops are well financed with federal loans. Evergreen holds enough capital to be in good shape even if it doesn’t reach what Beilenson calls “self-sustaining” membership of 15,000 or 20,000 in the first year, he said.
But with few confirmed customers so far and no revenue, Evergreen and its peers have much more at stake in the Obamacare than their established competitors.
(Excerpt) Read more at capsules.kaiserhealthnews.org ...
Pyramid scheme.
The totally satisfactory side-effect of Obama’s massive give-away program would be to see those co-conspirators, such as Evergreen and Big Pharma and Big Insurance go broke trying to finance it when only the Takers enroll.
If they go bankrupt they go bankrupt. They were perfectly willing to sacrifice us for their pocketbooks. I feel no pain for them.
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