Earlier this month the state Senate sent to the governor’s desk a bill that would create a health exchange in New Jersey. Chris Christie has not yet said whether he’ll sign the bill.
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You probably haven’t read much about this issue for a simple reason: It’s incredibly complicated. The exchange in question would have to coordinate buyers with insurers in a system relying on federal tax credits that could vary from month to month based on the insured person’s income.
Already insured? You’re not off the hook. The exchange would have the power to regulate your current policy and could impose a surcharge to cover the cost of running its operations.
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Think of that system and you will have a good idea of where these exchanges could end up – but with one big difference. Americans will accept limits on their cars, but not on their bodies.
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Huh? Medicare is a single-payer system that is just one stop short of socialized medicine. Obamacare, for all its faults, relies on the market to a much greater degree than Medicare. That’s why that Romney guy supported it back when he was governor of Massachusetts.
The real threat is not that Obamacare will take over Medicare. It’s the other way around, says Mike Cannon, a health-care expert with the free-market Cato Institute in Washington.
“These exchanges are built to fail,” said Cannon. “They’ll drive private insurance companies out of the market. When they do, the whole thing will collapse.”
http://blog.nj.com/njv_paul_mulshine/2012/03/obamacare_health-insurance_exc.html
Hat Tip: The Star Ledger
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