$910 million – that is the cost (so far) for California to create its state-run health exchange. Now we have to pay for a whole new layer of government bureaucrats in addition to paying for doctors, hospitals, and medication. Just how will that reduce the total costs of health care?
A private company, Esurance, sells health insurance, homeowner’s and auto insurance nationwide. They built their website with $40 million of private financing. Facebook $14 million, eBay $7 million. The California government somehow manages to spend $910 million.