The ObamaCare website, HealthCare.gov, had already cost taxpayers some $840 million as of March of this year, according to a new report from the Government Accountability Office (GAO). Nonetheless, the website is still not complete. The GAO's director of acquisition and sourcing management, William T. Woods, will testify today about the HealthCare.gov cost report to the House Energy and Commerce Committee.
Meanwhile, a report from Bloomberg indicates that insurance companies and for-profit hospitals are making more money as a result of ObamaCare requirements, despite predictions that the law would cause their profits to take a hit. "ObamaCare's turned out to be quite good for health-care companies," said Les Funtleyder, a financial advisor. Conservative critics have long argued that one effect of ObamaCare would be to guarantee additional income to the very insurance companies the president has said prioritize greed over people.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'Making a police state out of the liberal university'Instant Opinion Opinion, comment and editorials of the day
-
8 looming climate tipping points that imperil our planetThe Explainer New reports detail the thresholds we may be close to crossing
-
Try 6 free issues of The Week JuniorSpark your child's curiosity with The Week Junior - the award-winning current affairs magazine for 8-14s.
-
Texas dairy worker gets bird flu from infected cowSpeed Read The virus has been spreading among cattle in Texas, Kansas, Michigan and New Mexico
-
Dengue hits the Americas hard and earlySpeed Read Puerto Rico has declared an epidemic as dengue cases surge
-
US bans final type of asbestosSpeed Read Exposure to asbestos causes about 40,000 deaths in the U.S. each year
-
Seattle Children's Hospital sues Texas over 'sham' demand for transgender medical recordsSpeed Read Texas Attorney General Ken Paxton subpoenaed records of any Texan who received gender-affirming care at the Washington hospital
-
Afghanistan has a growing female suicide problemSpeed Read The Taliban has steadily whittled away women's and girls' rights in Afghanistan over the past 2 years, prompting a surge in depression and suicide
-
US life expectancy rose in 2022 but not to pre-pandemic levelsSpeed Read Life expectancy is slowly crawling back up
-
Vallance diaries: Boris Johnson 'bamboozled' by Covid scienceSpeed Read Then PM struggled to get his head around key terms and stats, chief scientific advisor claims
-
An increasing number of dog owners are 'vaccine hesitant' about rabiesSpeed Read A new survey points to canine vaccine hesitancy
