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Cost curve: ObamaCare star-up costs topped $6.7 billion
Investor's Business Daily ^ | 05/08/2014 | John Merline

Posted on 05/06/2014 5:20:26 AM PDT by IBD editorial writer

Last August, officials in the nation's capital decided to spend $6.4 million hiring 150 "trained experts," or navigators, to help uninsured residents of Washington, D.C., to sign up for ObamaCare.

By mid-April, just 10,714 people had signed up for a private ObamaCare plan through the D.C. exchange. Nobody knows how many of them previously went uninsured. But even if every one had insurance — and paid their premiums — the cost still works out to $597 in spending per enrollee.

While ObamaCare was sold on the premise that it could cut health costs, the results of the first open enrollment show that, even if it did sign up 8 million people, doing so turned out to be hugely expensive.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: healthcare; insurance; obama; obamacare

1 posted on 05/06/2014 5:20:26 AM PDT by IBD editorial writer
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To: IBD editorial writer
Turns out Obamacare is a vehicle for consolidating Dummycrat power.....w/ a multi-billion dollar slush fund.

The Untraceable $8 Billion ObamaCare PR Budget---truly govt fraud at its finest. Egged on by Pelosi, no one in Congress told Americans about Section 4002---which mandates an $8B untraceable fund to "promote" Obamacare (apparently b/c Boobamba had so little confidence in his signature legislation). And remember, taxpayers....once in the hands of the Dummycrat criminal hordes, the tax billions are untraceable.



(a) PURPOSE. It is the purpose of this section to establish a Prevention and Public Health Fund (referred to in this section as the ‘‘Fund’’), to be administered through the Department of Health and Human Services, Office of the Secretary, to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs.

(b) FUNDING.—There are hereby authorized to be appropriated, and appropriated, to the Fund, out of any monies in the Treasury not otherwise appropriated—

(1) for fiscal year 2010, $500,000,000;
(2) for fiscal year 2011, $750,000,000;
(3) for fiscal year 2012, $1,000,000,000;
(4) for fiscal year 2013, $1,250,000,000;
(5) for fiscal year 2014, $1,500,000,000; and
(6) for fiscal year 2015, and each fiscal year thereafter, $2,000,000,000.

(c) USE OF FUND.—The Secretary shall transfer amounts in the Fund to accounts within the Department of Health and Human Services to increase funding, over the fiscal year 2008 level, for programs authorized by the Public Health Service Act, for prevention, wellness, and public health activities including prevention research and health screenings, such as the Community Transformation grant program, the Education and Outreach Campaign for Preventive Benefits, and immunization programs.

(d) TRANSFER AUTHORITY.—The Committee on Appropriations of the Senate and the Committee on Appropriations of the House of may provide for the transfer of funds in the Fund to eligible activities under this section, subject to subsection (c).


We should not forget that Obamacare is also a HUGE voter fraud machine----plugging unsuspecting enrollees into Democrat voter rolls w/ a huge slush fund at Dummycrats disposal.


<><> Local couple upset after receiving pre-marked voter registration card from "Covered California" (Cali O/Care)
10news | 03-29-2014 | Preston Phillips / FR Posted by Kevin in California

A local couple called 10News concerned after they received an envelope from the state's Obamacare website, Covered California. Inside was a letter discussing voter registration and a registration card pre-marked with an "x" in the box next to Democratic Party.

<><> The Oregon Exchange reported it "accidentally" enrolled 4000 latinos (AKA new Democrat voters).

2 posted on 05/06/2014 5:25:45 AM PDT by Liz
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To: Liz

...and that estimate doesn’t include the damage it has and is doing. Shouldn’t someone go to prison for this fraud and theft?

3 posted on 05/06/2014 6:22:40 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: hal ogen

Prison’s not good enough for those who have perpetuated this fraud on the American public.

4 posted on 05/06/2014 6:27:15 AM PDT by oldtech
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To: hal ogen

The 2O14 midterms tsunami comeuppance first.......THEN PRISON.

5 posted on 05/06/2014 6:42:59 AM PDT by Liz
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To: IBD editorial writer

ObamaCare will have cost $2,500 for each newly insured person

So that’s where my $2500 savings went!

6 posted on 05/06/2014 7:12:46 AM PDT by sheana
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