Governor Rick Perry explains why Texas won’t create a State Obamacare health insurance exchange:
Setting aside the obvious fact that health insurance is readily available under current conditions — the problem has been price, not availability — these exchanges represent nothing more than another federal power grab in the guise of a supposedly free market.
States were given the option to set up and execute their own exchanges — at their own expense. The fine print, however, specified that the exchanges would have to follow all rules and guidelines imposed by the federal government, with little to no flexibility. The kicker: Many of these rules and regulations are unknown.
Again, this is par for the course as we continue down the road to fiscal disaster at the hands of ObamaCare.
In Texas, Medicaid spending already accounts for nearly 25% of our general revenue spending, and its costs are only expected to continue skyrocketing.
While the president has promised to subsidize states for Medicaid costs in the near term, in the long term, states are going to be on their own.
ObamaCare has already begun to affect many companies, too, with some publicly announcing plans for layoffs in order to make up for increased insurance-related costs.