A Billion Dollars for Insurance Software?
Not exactly, but it still seems as though California is paying a premium for its ObamaCare mandated health exchange:
Health policy consultant Robert Laszewski notes that California has already received a little more than $909 million in federal grants—an amount that’s actually $32 million less than the state’s exchange director asked for.
Going further into the post, one finds out that $250 million will be spent simply on advertising. $250 million. That’s almost enough money to fund the next Jim Carrey box-office bomb.
Where does cash-strapped California get all of this money? As noted above, from the Federal government–which gets it from you and me and then prints what it can’t get in taxes.
Talk about an unhealthy approach to things . . . .