Most commentators disagree with this speaker’s conclusions. They confidently assert that if a state chooses to not have an exchange, that there will instead be a federally operated exchange in that state. This view from Cato is clearly a minority interpretation of the law and regulation.
CATO is wrong. They are just looking for donations from the base. Reminds me of those two GOPe hacks Kemp & Bennett who created a “think-tank” & then went trolling for cash. I must have got 50 mailers in one year. I never sent them a dime, and if I did it most likey would have gone to William Bennett’s gambling addiction in Vegas.
The federal government doesn’t have the money to set up the exchanges without an appropriation from Congress. And regardless, it is far better to have a federally operated exchange for the reasons given. The worst thing would be to have state operated exchanges.
There is no “there” there.
There is no funding vehicle for the “Federal Exchange” and the House will not provide funds for such.
Will the net effect of that then be to force the deficit spending that's going to result to the federal government, driving up the federal deficit and protecting the state from bankruptcy?