WH worried Obamacare so flawed it could bankrupt insurance companies

WH worried Obamacare so flawed it could bankrupt insurance companies

[Ed. – Guess who would get stuck with the bill for bailing them out?]

While the administration publicly expresses full confidence in its health care law, privately it fears one part of the system is so flawed it could bankrupt insurance companies and cripple ObamaCare itself.

“Week after week, month after month,” says John Goodman of the National Center for Policy Analysis, “the Obama administration kept telling us everything’s working fine, there’s no problem and then they turn on a dime and fire their contractor.”

To justify a no-bid contract with Accenture after firing CGI as the lead contractor, the administration released documents from the Department of Health and Human Services and the Center for Medicare and Medicaid Services that offered a rare glimpse of its worst fears, saying the problems with the website puts “the entire health insurance industry at risk” … “potentially leading to their default and disrupting continued services and coverage to consumers.”

Then it went even further, saying if the problems were not fixed by mid-March, “they will result in financial harm to the government.

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