Butterfly Fund

Monday, March 16, 2015

The State Backlash Against Obamacare Is On!


obama5reps

A breaking story from Reuters announced that Five Republican governors say they will not rescue a crucial part of Obamacare if the Supreme Court strikes down the highly unpopular law.


The Republican governors of Louisiana, Mississippi, Nebraska, South Carolina and Wisconsin say that they will not create state exchanges to support the subsidies of the failing program. These local insurance exchanges constitute the core of this legal controversy.

Reuters Stated:

Five Republican state governors say they will not rescue a crucial part of Obamacare if it is struck down by the Supreme Court, underlining the prospect for a chaotic aftermath to a ruling that could force millions of Americans to pay much more for coverage or lose their health insurance.
Chaney Adams, a spokeswoman for South Carolina Governor Nikki Haley, said:
“State exchanges are the federal government’s way of sticking states with the cost and responsibility of a massive new bureaucratic program,”
“The right decision was made for South Carolina, and Gov. Haley would make it again today,”
Interestingly, 2 of the 5 states mentioned are governed by executives likely seeking the Republican nomination for president in 2016:

Scott Walker of Wisconsin and Bobby Jindal of Louisiana
Earlier this month, Bobby Jindal wrote an Op-Ed for Politico where he said:
Take one major issue related to Obamacare: taxes. The law is chock full of them – no fewer than 18 revenue raisers totaling over $1 trillion through 2022. Yet several alternative proposals being discussed by Republicans don’t actually repeal the law’s tax increases.
Instead, they repeal the law’s tax increases, only to replace them with new revenue hikes. So, rather than raise taxes by more than $1 million, as Obamacare did, these plans raise taxes by perhaps, say, “only” $500 billion.