Investors.com
Obamacare's Insurance Exchanges Are Already Turning Into A Disaster
By Sally C. Pipes
01/29/2013 

Wisconsin Gov. Scott Walker, speaking on June 28, 2012, said at a Madison news conference that Wisconsin will not move ahead with... View Enlarged Image 

Devoted users of Internet radio apps like Pandora may soon hear unexpected sound bites on their favorite music channels — ads touting ObamaCare. 

That's right. In an attempt to drum up support for the law's health insurance exchanges, some states are planning advertising campaigns that could include everything from pro-ObamaCare coffee-cup sleeves to spots on popular music-streaming sites. 

But no amount of advertising spin can obscure the fact that ObamaCare's insurance exchanges are shaping up to be disasters — saddling some consumers with higher premiums and state taxpayers with significant new spending obligations. 

ObamaCare calls for the creation of state-administered health insurance exchanges, where Americans without employer-provided coverage can shop for government-approved policies. Enrollment is scheduled to begin Oct. 1, and coverage will take effect in 2014. 

Those with incomes between 133% and 400% of the federal poverty level — up to $92,200 for a family of four as of 2012 — will qualify for federal subsidies. 

States were given the choice of setting up their own exchanges, partnering with the federal government, or letting the feds handle things entirely. 

Nineteen have opted for the first choice, and seven have signed on for a partnership. 

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