Half of State Obamacare Exchanges to Collapse

According to the Washington Post about half of the Obamacare heath insurance exchanges set up by the states are real danger of financial collapse. The solutions being created range from bleeding taxpayers for more money to closing down shop and transferring their members to the federal exchange. However, consideration of moving to the federal exchanges has to wait until after next month’s Supreme Court decision about whether people who signed up to those exchanges are electable for the same subsidies dictated by the Affordable Care Act as those who live in states with their own healthcare marketplace.

The Supreme Court will decide by the end of June whether consumers in the 34 states using the federal exchange will be barred from receiving subsidies to buy insurance.

Though it clearly say in the ACA signed by the president that only states with exchanges get the subsidies (there is even a video of Jonathan Gruber saying the law was written that way as an incentive to states to set up exchanges). Obamacare supporters opine that the federal exchange was left out of the bill because of an error.

Source:http://libertyalliance.com/about-half-of-state-obamacare-exchanges-may-collapse/