Bad News Exchange

As Bob noted a few weeks back, "[c]ome 2014 "Exchanges" will be where many American's buy insurance. You will be encouraged to go online or call an 800 number and pick a plan. You will discuss your needs with salaried navigators that are unlicensed and unregulated."

Or will you?

Although the Exchanges are ostensibly a key component of ObamneyCare©, there's now some question as to their viability. In a pair of posts from FoIB (and Cato's Director of Health Care Policy) Michael Cannon, we learn that:

"[T]he federal government doesn’t have the money to create ObamaCare Exchanges, and the administration has no hope of getting that funding through the Republican-controlled House. So if states don’t create Exchanges, they might not exist."

Here's the rub: if your state demurs, then you're not eligible for the promised subsidies.

And speaking of states who've given HHS Secretary Shecantbeserious and her Exchanges the snub, legislators in the Beaver State have "blocked approval of Oregon’s health insurance exchange."

Are dominoes beginning to fall?