Obama officials confirmed there was no method of payment built into the Obamacare website. Without a payment mechanism, there is no way to officially enroll in a real sense by going through the website.

So what is the administration going to do? They are going to let the insurance companies ESTIMATE what they THINK they should be getting based on “sign ups” and the government is going to pay it out to them. Once system is built the government can then settle with the insurers. So the government is just going to give the companies our money on an honor system until they can figure it out. What a mess.

Update:

It gets worse.

Chris Stirewalt notes that within the ACA is a bailout provision for the insurance companies if they lose money in this debacle:

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