Michael Cannon of Cato breaks down the facts that the federal government currently lacks the funds necessary to set up federal exchanges. As he explains, the Republican-controlled House of Representatives is unlikely to provide extra funding to HHS to allow them to set up the exchanges. Without the exchanges, ObamaCare cannot take root - especially when so many states are unwilling to set up the state-based exchanges.

It looks as if Oregon is another state that will not be setting up a state ObamaCare exchange. Read more here.

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