After Spending $205 million in Taxpayer Money: Hawaii’s Obamacare Exchange Shutting Down!
Your government at work! Remember the “shovel ready jobs” the Obama administration promised to fund? One of them was ObamaCare, the bit of liberal sleight-of-hand that was going to bring millions of people onto the health care roles and reduce health care costs.
Well, we’re reaping the whirlwind, you just wouldn’t know it from the reaction of the major media who have better things to cover. Like the Kardashians.
In case you missed it, the state run ObamaCare exchanges are falling by the wayside like late season apples, except, unlike apples, the ObamaCare exchanges never were any good.
The latest casualty, at a cost of $205 million is the exchange in the President’s home state of Hawaii.
Despite over $205 million in federal taxpayer funding, Hawaii’s Obamacare exchange website will soon shut down. Since its implementation, the exchange has somehow failed to become financially viable because of lower than expected Obamacare enrollment figures. With the state legislature rejecting a $28 million bailout, the website will now be unable to operate past this year.
While the exchange has struggled since its creation, it is not for lack of funding. Since 2011 Hawaii has received a total of $205,342,270 in federal grant money from the Department of Health and Human Services (HHS). In total, HHS provided nearly $4.5 billion to Hawaii and other state exchanges, with little federal oversight and virtually no strings attached.
Hawaii is not an outlier, the Oregon exchange, Cover Oregon, blew $305 million and never enrolled anyone. At least the Hawaii exchange managed to enroll 8,592 people. That works out to $23,899 per enrollment.
This is your government at work. At their best. Unlimited funds were available and if they needed technical help all they had to do was ask.
Remember this the next time somebody in Washington tells you they just need more money. Like for passenger rail infrastructure. Or universal pre-kindergarten.
$7M shortfall leads to layoffs and cutbacks at East Hawaii hospitals