ObamaCare's much-publicized health insurance exchanges, supposedly designed to make insurance more affordable, have been a bust. Two-thirds of states have declined to set up exchanges, and taxpayer costs for them have ballooned to $5.7 billion for the federal government to establish them.
Headlines proclaim the stock market's new high records, but the average American paycheck and fringe benefits are lagging far behind. While politicians brag that employment has increased over the last year in retail stores, the total hours worked has actually fallen during that same period. And employee fringe benefits in the service sector fell sharply in the first quarter for the first time in more than a decade.
The U.S. Supreme Court upheld ObamaCare by calling it a tax, but as bad as new taxes are, this ObamaCare train wreck is even worse than a tax.
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