Administration fears part of health care system so flawed it could bankrupt insurance

[Revmitchell]

While the administration publicly expresses full confidence in its health care law, privately it fears one part of the system is so flawed it could bankrupt insurance companies and cripple ObamaCare itself.

"Week after week, month after month," says John Goodman of the National Center for Policy Analysis, "the Obama administration kept telling us everything's working fine, there's no problem and then they turn on a dime and fire their contractor."

To justify a no-bid contract with Accenture after firing CGI as the lead contractor, the administration released documents from the Department of Health and Human Services and the Center for Medicare and Medicaid Services that offered a rare glimpse of its worst fears, saying the problems with the website puts "the entire health insurance industry at risk" ... "potentially leading to their default and disrupting continued services and coverage to consumers."

Then it went even further, saying if the problems were not fixed by mid-March, "they will result in financial harm to the government."

http://www.foxnews.com/politics/201...alth-care-system-so-flawed-it-could-bankrupt/

 

[thisnumbersdisconnected]

He's not alone in this fear.

Aetna CEO warns company could be "forced out of business" by healthcare law​

Aetna CEO Mark Bertolini told CNBC on Wednesday that Obamacare has failed to attract the uninsured, and he offered a scenario in which the insurance company could be forced to pull out of program.

The company will be submitting Obamacare rates for 2015 on May 15.

"Are they going to be double-digit [increases] or are we going to get beat up because they're double-digit or are we just going to have to pull out of the program?" Bertolini asked in a "Squawk Box" interview from the World Economic Forum in Davos, Switzerland. "Those questions can't be answered until we see the population we have today. And we really don't have a good view on that."

 

[exscentric]

The OR site has never worked and may never work - now some senate members want to scrap the whole system and join the working national site.

There is stupid and there is really really stupid I guess

OR has signed up a bunch on paper but the system is sending paper work out to the wrong people, making major mistakes and mostly signing up the poor rather than those that will pay.

 

[Don]

Ya know, all those authors who wrote about the end of the world due to economic means....

None of them actually thought it would be because of healthcare (good intentions?) and the insurance industry....