Only 15 states have said they will set up exchanges

The Federal Government will be required to set up at least 30.

Only 15 states have told the federal government they plan to operate health insurance exchanges under President Barack Obama’s reform law, leaving Washington with the daunting task of creating online marketplaces for two-thirds of the country.

On the eve of a federal deadline for states to say whether they will run their own exchanges, a top health care policy official told lawmakers that the exchanges will start enrolling eligible families starting on Oct. 1.

It is a daunting task and it is doubtful he feds will be able to create the exchanges at all. The Administration has admitted it doesn’t have the money and and it will be unlikely to get funding through the GOP-controlled House. Furthermore, without state-run exchanges, the feds can’t subsidize private insurance companies. That by itself could cause Obamacare to collapse.

Nothing is over until the fat lady sings.

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2 Responses to Only 15 states have said they will set up exchanges

  1. pateriot says:

    The fact that they won’t be able to subsidize private insurance companies doesn’t mean the ObamaCare will collapse. It will mean that private insurance companies may collapse. This would be a great triumph for Obama and ObamaCare.

    • R.D. Walker says:

      You could be right. Hard to tell which way that will break. If there is too much chaos right at the start, Americans might tear it down on the front end.