The state exchanges were supposed to improve the risk-pooling that is a necessary part of health insurance. Without state exchanges, ObamaCare cannot even pretend to improve insurance; it simply redistributes. ObamaCare limits the healthcare premiums of the elderly to three times that of the young, while the actual cost of healthcare for the elderly may be six times as large. This is not insurance or pooled risk; it is redistribution of money.
We all know that Congressmen failed to read the ObamaCare bill before they passed it. Nancy Pelosi said, "we have to pass the bill so you can find out what is in it." Now that the Obama administration finally knows what's in the law, it is ignoring the law. It is time for Congress to repeal ObamaCare.
Listen to the radio commentary here: