Tag Archives: state health exchanges

Obamacare exchanges in trouble

Finding out what’s in it: Nearly half of the Obamacare exchanges that were set up by state governments are in financial trouble.

Many of the online exchanges are wrestling with surging costs, especially for balky technology and expensive customer-call centers — and tepid enrollment numbers. To ease the fiscal distress, officials are considering raising fees on insurers, sharing costs with other states and pressing state lawmakers for cash infusions. Some are weighing turning over part or all of their troubled marketplaces to the federal exchange, HealthCare.gov, which is now working smoothly.

Note how the only solution suggested is to raise fees, which will end up raising the costs for consumers. These exchanges cost billions to set up, and even now do not have enough money to work right? I am not surprised, as they are a government monopoly, just like the entire Obamacare law, with no competition or incentive to do better. The result is increased cost of medical treatment, with no benefits for anyone.