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Key ObamaCare Program Is Already Broke


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041013-651429-pcip-bankruptcy-bad-omen-for-rest-of-obamacare.htmInvestors Business Daily:

Entitlements: The $5 billion fund set up by ObamaCare to cover new high-risk insurance pools in each state from pre-existing conditions is already running out of money — a full year before projections.

So why should anyone believe ObamaCare's overall cost projections are any more accurate?

Panicked to control mushrooming costs in its pre-existing conditions insurance plan, or PCIP, the Health and Human Services Department is having to curtail benefits to cancer patients, among others.

It's a bad omen for the larger plan.Scissors-32x32.png

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