Tuesday, May 19, 2015

Blue Grass State HIX Blues

So this happened:

"[T]he Kentucky Health Cooperative, an ObamaCare creation funded initially by federal dollars and then bailed out with tens of millions of dollars more last year, is insolvent."

Ooops. And of course, the bureauweenies behind this massive #fail appear to be circling the wagons. Which is not unexpected, but a shame, nonetheless.

And why is it a shame, you ask?


"The Kentucky Hospital Association outlined its concerns in a report released Friday called “Code Blue,” saying payment cuts to hospitals are expected to reach nearly $7 billion through 2024. “Kentucky hospitals will lose more money under the Affordable Care Act than they gain in revenue from expanded coverage

It's almost as if the system itself is imploding. The bigger question, of course, is whether this is by happenstance or design.

You be the judge.
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