SEBELIUS’ LATEST SCHEME FOR FINANCING FEDERALLY-CREATED INSURANCE EXCHANGES

As I and others have pointed out, one of the most important obstacles to ObamaCare’s success is the refusal of many states to set up the insurance exchanges it calls for.

The law makes it clear that only state-created exchanges can distribute the subsidies without which the program will fail. Federally-created exchanges can’t distribute subsidies and credits.

And despite the recent promulgation of an illegal IRS fiat to the opposite effect, its survival in court is very much in doubt. So Commissar Sebelius has had a brainstorm:

The Obama administration said Friday that it would charge insurance companies for the privilege of selling health insurance to millions of Americans in new online markets run by the federal government … Kathleen Sebelius, the Secretary of Health and Human services, said that fees charged by the federal government would be ‘sufficient to cover the majority of costs related to the operation of federally facilitated exchanges.’

In a way, one is inclined to feel pity for Sebelius. Her boss and the Democrat-controlled Congress passed the Rube Goldberg contraption known as ObamaCare and she has the thankless task of making the thing work.

OK … I had a moment of weakness there. She deserves every bit of misery she will endure to transform this idiotic law into something resembling a benefit for the American people.

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