Wanna See How Well Obamacare Might Work Out Longterm? Look No Further Than California.

I hope you're sitting down.

According to this, Covered California, which is California's Obamacare exchange, is SUPPOSED to become self-sustaining this year, because it has already exhausted the $1.1 billion it received from taxpayers to get implemented.

Let me just reiterate that.  You and I paid 1.1 BILLION DOLLARS so that California could  jump start its Obamacare program.

And how is it doing? I'm glad you asked.

For the 2015-16 fiscal year, Covered California has an almost-$80 million budget deficit.  So I would say that "self-sustaining" shouldn't be high on anyone's list of adjectives to describe it.

The executive director of Covered California, Peter Lee, said in December that "there are questions about the long-term sustainability of the organization.”

That echoed what the state auditor said in 2013; specifically that the "future solvency" was "uncertain." 

As of February 15th, which was supposed to be the final day of open enrollment for 2015,  the program was three hundred thousand enrollments shy of goal. 

In other words, it's a complete failure.  Which anyone with an Actual Brain could have seen coming a long time ago.

You wanna know what a nationalized healthcare system would look like?  Look no further than California.  Keyword: unsustainable.