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ObamaCare's $147 Million Iowa Co-Op Failure Is Just The First
Investor's Business Daily ^ | 08/06/2015 | Staff

Posted on 08/07/2015 3:11:03 AM PDT by IBD editorial writer

Bankruptcy: A court filing this week shows that the first ObamaCare-created insurance co-op to fail will likely cost $147 million. How many more will have to go under before President Obama admits to this boondoggle?

(Excerpt) Read more at news.investors.com ...


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

1 posted on 08/07/2015 3:11:04 AM PDT by IBD editorial writer
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To: IBD editorial writer

“How many more will have to go under before President Obama admits to this boondoggle?”

He’s a narcissist. He’ll never admit to that.


2 posted on 08/07/2015 3:15:14 AM PDT by lowbridge
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To: lowbridge

You beat me to it, was gonna say the same thing


3 posted on 08/07/2015 3:16:14 AM PDT by redfreedom (All it takes for evil to win is for good people to do nothing - that's how the left took over.)
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To: IBD editorial writer

There are no failures in fascism. Merely “adjustments”.


4 posted on 08/07/2015 3:19:29 AM PDT by facedown (Armed in the Heartland)
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To: IBD editorial writer

Affirmative action law school wonk and his congressional lap dogs pass health care system, nation goes bankrupt.

Story at eleven.


5 posted on 08/07/2015 3:27:04 AM PDT by Jack Hammer
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To: IBD editorial writer

Multiply that number 50 times and you’ve got a real expensive social experiment gone horribly wrong...


6 posted on 08/07/2015 3:38:09 AM PDT by jsanders2001
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To: lowbridge

“How many more will have to go under before President Obama admits to this boondoggle”

For Odunga, the fix for failed socialism is more socialism.


7 posted on 08/07/2015 3:44:58 AM PDT by DAC21 (.z)
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To: IBD editorial writer

This is a governmental scam from the get go


8 posted on 08/07/2015 3:47:27 AM PDT by ronnie raygun
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To: IBD editorial writer

I am sure we are now going to see 5 stories on Yahoo on how well Obamacare is working.


9 posted on 08/07/2015 4:00:27 AM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: IBD editorial writer

It’s not a failure if you get to redistribute millions of dollars to friends and cronies.


10 posted on 08/07/2015 4:02:45 AM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: IBD editorial writer
How many more will have to go under before President Obama admits to this boondoggle?

Are these people really this stupid? If so, they should be charged for their oxygen, just as the GOPe should be...

11 posted on 08/07/2015 4:03:37 AM PDT by Common Sense 101
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To: IBD editorial writer

BO admit failure? He wants failure. He is here to destroy the greatness of America. He is a Marxist muslim African. Look at african leaders around the world—BO is one of them. Hell, look at Detroit.


12 posted on 08/07/2015 4:15:09 AM PDT by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
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To: Common Sense 101

As I recall, not one GOP voted for this. Why blame them? Why not blame the enemy?


13 posted on 08/07/2015 4:17:21 AM PDT by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
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To: IBD editorial writer

This fiasco is a creation of the Democrap Party with B.O. as their Goebbels spokesman. The Democraps are the enablers who passed the legislation without even reading it!


14 posted on 08/07/2015 4:28:11 AM PDT by leprechaun9
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To: Neoliberalnot

Have the GOPe pansies made any meaningful effort to repeal it? Hell, they didn’t even defund it when they had the chance...


15 posted on 08/07/2015 4:33:02 AM PDT by Common Sense 101
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To: Common Sense 101

Exactly. Gov’t programs can’t “implode” on their own. Ever.

Cruz was the only one to make a serious attempt to derail it, and the GOP scolded him. Never forget that.


16 posted on 08/07/2015 5:35:34 AM PDT by ReaganGeneration2
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To: IBD editorial writer
Don't you know we're riding
On the Single Payer Express?

Don't you know we're riding
On the Single Payer Express
They're taking me to Panels O' Death



17 posted on 08/07/2015 7:27:55 AM PDT by Buckeye McFrog
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To: IBD editorial writer
Oregon spent $350,000,000 on their health care WEBSITE, a website created by Oracle, was a total failure and we do not have an exchange in this state. So when do we get our $350M back?

I must add that the Oregon voters after knowing that much money was wasted and the governor was corrupt to the core, him and his girlfriend, they reelected him. Unbelievable!

18 posted on 08/07/2015 7:49:34 AM PDT by thirst4truth (America, What difference does it make?)
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To: IBD editorial writer

Looks like obummer and his crew of inept morons could f*ck up a one car funeral.


19 posted on 08/07/2015 7:57:23 AM PDT by dearolddad (/i>)
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To: Common Sense 101

So, do you support the democrats?


20 posted on 08/07/2015 1:00:46 PM PDT by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
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