Yeah, that's right - most of the 24 health care co-ops that Obamacare lent money to so that they could compete against the big insurers have already run out of that money even before they begin offering health care:

Washington Examiner, 8 Aug 2013, HHS IG fears Obamacare co-ops will run out of money before enrolling first customers

Most of the 24 health care co-ops created under Obamacare are in danger of running out of money before they even begin offering health insurance to consumers, according to the Inspector General for the Department of Health and Human Services.

The 24 nonprofits, intended to create competition for private insurance companies, are funded by a $2 billion loan program authorized by Obamacare to cover their startup costs. The co-ops are expected to become self-sustaining and repay their loans with interest.

But 11 of the 16 co-ops the IG reviewed said they expect startup costs to exceed what they received from the Department of Health and Human Services via the loans, and none of those reviewed by the IG have enough private support to fund them once they're up and running, even though private support was one of the criteria for preference during the loan award process.

This was back in August and so I can imagine the government re-assuring these poor dupes that as soon as the government healthcare website is up and running in October they'll have millions of customers signed up and they'll be viable then.

But, as we now know, the site bombed horrifically (1) and those co-ops are now facing complete and dismal failure.

When the Soviet Union collapsed it taught the world what happens when you try to run businesses which are not interested in making as much money as possible, or in making profits. Sadly, there are idiots in America who did not get the memo:

Kaiser Health News, 12 Sep 2013, Obamacare Insurance Co-ops At The Starting Gate

“What we’re doing is a big part of the ACA story,” said John Morrison, president of the National Alliance of State Health CO-OPs. “We bring a completely different paradigm to health care finance. We’re not interested in making as much money as we can. We’re not interested in making profits. What we are interested in is making consumer patients healthy and saving money.”

"We’re not interested in making profits." Barack Obama Karl Marx couldn't have said it better. But as intelligent people everywhere know: the Soviet Union, like Karl Marx, was wrong - dead wrong.

Here's a financial tip: want to make a lot of money? Find out what companies are getting loans from the Obama administration and short-sell the stock of those companies. Obama has a knack for picking losers (2).