Update: Federal Taxpayers Have Spent $655 Million on Three State Exchanges That Have Shut Down
Here’s the list:
Maryland $171,013,111
Massachusetts $179,036,455
Oregon $305,206,587
Total $655,256,153
(Phil Kerpen, The Federalist). See previous posts here and here.
I heard about the Oregon exchange shutting down! Over 300 million dollars spent and not a single patient treated (correct me if I’m wrong)? Pretty bad.
Why are they failing? what are the reasons cited for shutting them down?
The truth will out. The FBI is even investigating the Oregon exchange.
Yikes. Let’s hope they get to the bottom of that ASAP.
Instead of QE pumping money into our hands, let the printers run for the feds and let us keep our money. We know how to spend it much better than these states..
Let’s hope that the taxpayers get a refund! These statistics are simply outrageous!
I’m beginning to think the vast sums spent on state exchanges was little more than an economic development initiative to get state on board with the idea. I heard the Tennessee Medicaid Director, Darin Gordon, speak at a hearing. He claimed that Tennessee didn’t sponsor its own exchange because the directions from the federal government were so vague, the timeline so short, and the chances of success so dire that Tennessee decided it didn’t want the job.