Key ObamaCare Program Is Already Broke

Click here to read an Investors.com article regarding the Affordable Care Act. Some excerpts:

• The $5 billion fund set up by ObamaCare to cover new high-risk insurance pools in each state from pre-existing conditions is already running out of money — a full year before projections.
• Panicked to control mushrooming costs in its pre-existing conditions insurance plan, or PCIP, the Health and Human Services Department is having to curtail benefits to cancer patients, among others. It's a bad omen for the larger plan.
• Americans can look forward to the same cost overruns followed by cost controls followed by curtailed benefits followed ultimately by denial of care. Controlling this massive new entitlement will require government-mandated rationing of medical services and care for the sick and higher taxes for the middle class.
• If the Democrats in Congress and the White House miscalculated how much it would cost to fund hundreds of thousands of ObamaCare applicants with pre-existing medical problems, imagine how badly it's low-balling the cost of subsidizing millions of other uninsured Americans, who'll be eligible for a generous array of "free" preventive-care services?
• In 1965, the Johnson administration figured Medicare would cost $12 billion by 1990. Its actual cost was $110 billion. Now it's almost $600 billion and climbing.
• Obama's comically named Affordable Care Act doesn't fully go into effect for another nine months, when some 30 million uninsured crash the medical system (not counting illegal immigrants). Yet it's already exploded original cost estimates.