NY, NJ: Just Hold Off | Michael D. Tanner | Cato Institute: Commentary

NY, NJ: Just Hold Off | Michael D. Tanner | Cato Institute: Commentary: 'one study suggests it will take a 5 percent tax on insurance premiums to pay to operate Oregon’s exchange.'

Since they want almost everything covered, premiums will be almost all of health care costs. So it is a 5% tax on health care just to run the exchanges!

'If the feds set up an exchange in New York or New Jersey, the feds will be responsible for the cost of running it. If a state establishes the exchange, that state will have to pay for it.'

'Nor does setting up an exchange preserve state control over the local insurance market. Under Section 1311(K) of the ObamaCare law, the federal government essentially has veto power over the design of state exchanges.'