Four Failed State Health Care Exchanges Cost $474 Million

An estimated $474 million in federal appropriations were spent on developing four state-level Obamacare exchanges that are "now in shambles," Politico reports. Massachusetts, Oregon, Nevada and Maryland now either have to move their residents onto the federal exchange or rebuild their systems, Politico further reports: "Nevada, for one, is still trying to figure out its future. Oregon has decided to switch to HealthCare.gov. Maryland wants to fix its own exchange, maybe by incorporating what worked in Connecticut. Massachusetts actually wants to do both — build a portal from scratch while planning a move to the federal exchange as a backup."