Do we need another government entitlement program? Can we pay for another government entitlement program? Unfortunately, the answer is no. At the center of Obama's wealth redistribution strategy is his Affordable Care Act. Meant to help the uninsured, it has already begun to decimate the economy. With no way to pay for it, our taxes have been increased, insurance company premiums are rising and our contributions to our health expenditures are escalating. To make matters worse, Obamacare is an abject failure that epitomizes the failure of Big Government.
"We foresee a train wreck," one insurance executive working on Obamacare IT said in February. "We don't have the IT specifications. The level of angst in health plans is growing by leaps and bounds. The political people in the administration do not understand how far behind they are."
The comments mirror those made in April by Sen. Max Baucus (D-MT) who helped craft Obamacare. At the time, Baucus said Obamacare was "a huge train wreck coming down."
Now, the companies that bagged millions to build the Obamacare digital architecture are scurrying to avoid public ridicule and scrutiny. "Worried about their reputations, contractors are now publicly distancing themselves from the troubled parts of the federally run project," reports the Times.
Development Seed President Eric Gundersen told the Times his company built the busted HealthCare.org website but "had nothing to do with what happened after a user hit the 'Apply Now' button."
Progressive Washington Post columnist Ezra Klein, a strong Obamacare supporter, wrote on Monday that "So far, the Affordable Care Act's launch has been a failure. Not 'troubled.' Not 'glitchy.' A failure."
Obamacare will cost taxpayers $2.6 trillion over the next ten years.