House passes spending bill to defund Obamacare

From the WJS, more ineptness.

The centerpiece of President Obama’s new health law is a collection of government-sponsored insurance exchanges, in which people who shop for coverage on their own can purchase health insurance, and gain a taxpayer-funded subsidy if their income is low enough. The exchanges are set to roll out on October 1, in less than two weeks. In other words, it’s crunch time. And in this morning’s Wall Street Journal comes word that the exchange software, for which the government has spent upwards of $88 million, still can’t correctly calculate the amount of subsidies that an individual applicant is eligible for. “There’s a blanket acknowledgment that rates are being calculated incorrectly,” one senior insurance executive told the WSJ. “Our tech and operations people are very concerned about the problems they’re seeing and the potential of them to stick around.”

The WSJ article was authored by Christopher Weaver, Timothy Martin, and Jeniffer Corbett Dooren. “If not resolved by the Oct. 1 launch date,” they report, “the problems could affect consumers in 36 states where the federal government is running all or part of the exchanges. About 32 million uninsured people live in those states.”

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