Mama Bin Cranky

The brilliant people who wrote the Obamacare law knew better than all the corporate actuaries that have studied the risk numbers in insurance for hundreds of years. They thought the answer to those evil for profit insurance companies that employ those experts to maximize profit were evil and greedy.

So out comes government funded co-ops in the socialist mode. Billions of dollars later, cronies on the take, and more than half of the co-ops are done for. Lots of money is owed to doctors and hospitals. The co-ops are supposed to pay the money back, but that won’t happen. In fact, Obamacare has handed out more money to them even in the face of bad business models that are actively failing. Kinda like Solyndra. Just keep telling us it is working while giving more money to a fail business model. Now most of the remaining co-ops are on life support, transfused with our money to prop up a silly notion of competition and covering the uninsured.

In most cases, the people who ran these things are Dem cronies who have paid themselves generously to run these things into the ground. Don’t just look at their pay, look at their Dem bonafides and their “consulting fees”. That tells the whole story. Obamacare is crashing…