ObamaCare About To Implode In California Under Its Own Weight

After two previous extensions, the open enrollment period for Covered California ends April 30. That deadline just might prove to be the tipping point for the state’s two-year-old health insurance exchange.

That’s because this is the year Covered California is supposed to become completely self-sustaining.

Indeed, there’s no more money coming from Washington after the state exhausts the $1.1 billion it received from the federal government to get the Obamacare exchange up and running. And state law prohibits Sacramento from spending any money to keep the exchange afloat.

That presents an existential crisis for Covered California, which is facing a nearly $80 budget deficit for its 2015-16 fiscal year. Although the exchange is setting aside $200 million to cover its near-term deficit, Covered California Executive Director Peter Lee acknowledged in December that there are questions about the “long-term sustainability of the organization.”

7 Comments - what are your thoughts?

  • John says:

    Skunk Obama does not care. He believes that America is obligated to keep feeding the insatiable offspring of his that he fondly call Obamacare. Return healthcare to the private sector, the Federal Government has no business in that realm.

  • wiseguy says:

    Stupid nigger president
    Stupid nigger law

  • Gerry says:

    Way to go california — follow the muslim POS’s agenda to destroy you. Follow his agenda to break our sysytem and bankrupt our social security, medicare and health systems. Way to go !!!!!! You are a shining example of COMPLETE STUPIDITY but of course you people have been that way since the early 60s.

    1. elda says:

      So are you calling Californians stupid for not following Obama over the health care cliff? It seems to me that those that don’t get Medi-Cal are the ones that are supposed to be supporting this fraud of health care and they are not going for it. I say that is good. For CA, most of the democrat voters are welfare recipients and they already have health care. Obama was counting on the working classes to buy this crap and they are not going for it. Maybe now we can pull the wool off their eyes and get CA back to reality.

      1. Mo says:

        Not going to happen, there are way to many ILLEGAL FREELOADERS there that gooh ole JB has welcomed with open arms. Heck he’s even passing out drivers licenses to them. One of the main reasons Clai is going broke, way too many freeloaders, oh and one other benefit, guess what, they are ALL signing up for Medicaid, which they don’t pay anything for. And just think, dear leader wants to give them all amensty and the rights to even more of our tax dollars with the ability to go back several years and claim tax refunds when the NEVER PAID IN TO BEGIN WITH!

      2. Johnnyappleseed says:

        Oh yes, and the sun will rise in the west, pigs will fly and California will live happily ever after.
        “Burn Baby Burn”… Reminiscent of the electrical power outages in circa 2004

    2. Donald Mccormick says:

      I have been telling people in congress that this WILL happen because the LAW is NOT sustainable. It has TOO many give-a-ways to every Tom, Dick, and Harry the gets a hand-out to encourage them to pass this BOONDOGGLE of a bill. It has so many BRIBES and simple hand-outs.

      Would YOU want something that people HAD to BRIBE to get it passed or would you NOT pass this just because YOU had NOT read the bill or understood it to the point of understanding ALL of the clauses it holds to change the bill once it was passed.

      NOW ALL of these clauses are coming to a head and BITTING those that passed this boondoggle of a bill in their collective rear ends.

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