Obamacare: The cost of the healthcare exchanges has doubled from the original estimate

  Last month we received the devastating news that the Obamacare taxes were going to be double what the original estimates were, and today we have learned that the cost of implementing the healthcare exchanges were also double the original estimates, and if that weren’t bad enough the number of people who will be covered has dropped.

The result is that the number of Americans projected to gain insurance from the law has already eroded, by at least 5 million people, to 27 million by 2017, the CBO said in February. In addition, as many as 8 million people will lose health-care plans now offered through their employers, almost three times more than the CBO initially projected.

  This is on top of the fact that the Basic Health Program–which was supposed to provide healthcare for the poor–has been delayed until 2015, as has the small business exchange–which was supposed to help small businesses offset the costs of the providing insurance to their employees. (By the way, the mandate still kicks in in 2014 so the poor and the small businesses are screwed for they still have to comply with the law.)

  Even some liberal columnists, like Joe Klien, think this is a very bad sign:

The Administration has had 3 years to set up these exchanges. It has failed to do so,”writes progressive TIME columnist Joe Klein. “This is a really bad sign….One thing is clear: Obamacare will fail if he doesn’t start paying more attention to the details of implementation, if he doesn’t start demanding action. And, in a larger sense, the notion of activist government will be in peril

  Obamacare hasn’t nearly been fully implemented yet and it is beginning to fall apart, but who didn’t expect this from a 2,000 page bill that the elitists in Washington voted on without even knowing what was in the bill?

  The sad truth is that this is as good as it is ever going to be, it is all downhill from here as we now look to the federal government to fix a problem they created in the first place for we know what their solution will be–more government.