Obamacare is Already Almost Broke
It should surprise nobody… even the democrat liberal myrmidons that this legislation will go over it’s “budget” by many multiples and most likely break the country. But hey… health care is a right…
In 2010, the U.S. Department of Health and Human Services was set up with a slush fund of one billion dollars to support the implementation of Obamacare. If we go by the department’s summary of its Fiscal Year 2014 budget proposal, it would appear to have already burned through $811 million through 30 September 2013, the end of the federal government’s 2013 fiscal year:
That would leave the department with just $189 million left to spend. It was planning to spend $163 million in the federal government’s Fiscal Year 2014, which began on 1 October 2013.
Keeping in mind that HHS was burning through money at an average rate of $871,233 per day during the federal government’s 2013 fiscal year, it is very likely that it is now spending much more than that amount per day as the Obama administration is desperate to keep President Obama’s signature achievement from becoming an unmitigated failure.
Something has to give, because they cannot both repair Obamacare’s IT systems and web site and spend what they were planning to spend to do other things in FY2014. HHS is running out of money and cannot do both.