It came out late tonight that the Obamacare website is even more screwed up than thought. While the Administration has been celebrating how great things are since the "reboot", the reality is that there is no mechanism in place to actually pay the insurance carriers the subsidies for low-income folks.
The solution put forth by Obama? Let the insurance companies tell the Feds how much the US Government owes in subsidies, and then sometime down the road, the two sides will get together and "true up" the numbers.
Think of all the things that can go wrong here.
What if the Carriers say the Feds owe them $10 million this month, and the Feds come back and say "nope, we only owe $5 million"? Who eats the shortfall?
What if an enrollee claims a larger subsidy then he/she is entitled (in other words, lies on their application)? Whose responsibility is it to verify subsidy amounts? Will the Carriers have the ability to look at an enrollee's tax information to determine subsidy amounts?
What happens to the up to 30% of folks that have enrolled, but don't actually have coverage when they show up to the doctor or the hospital come January 1st?
And do I even need to bring up the security risks with the Obamacare website?
A clusterfuck all the way down.