OBAMACARE’S UNLOVED EXCHANGES

◼ A number of Republican governors, including Bobby Jindal of Louisiana and Rick Perry of Texas, have made headlines by declining to set up the ObamaCare exchanges. New Jersey governor Chris Christie recently joined the refusal chorus, declaring that his state would comply with ObamaCare “only in a manner that is the most effective and efficient for the residents of New Jersey, and the businesses that will carry the costs of this new program.” - John Hayward/Human Events

This option of refusal is not a rebellion; it was presented to governors by the Affordable Care Act. It was assumed that most of them would voluntarily create these exchanges in their states, but in the end, 26 states did not. This is a big problem for ObamaCare, whose absurdly rosy budget predictions assumed the states would cover these costs. The exchanges are Big Government’s inefficient, expensive, hyper-regulatory substitute for a health insurance market. Instead of competing with advertising in the free market, insurance companies and customers will find each other through government-managed “portals.”

But a potentially even bigger problem is highlighted by Forbes magazine, which notes that insurance companies don’t appear eager to participate in the exchanges, either...