"Texas will not set up a state health insurance exchange"

Under the health care reform law, states can set up insurance exchanges where the uninsured can use federal premium subsidies to buy coverage, while states, with federal funding support, can expand Medicaid eligibility. But Texas Gov. Rick Perry says Texas will do neither, writing in a letter to Health and Human Services Secretary Kathleen Sebelius that he “will not be party to socializing healthcare and bankrupting my state in direct contradiction to our Constitution and our founding principles of limited government.” Read Gov. Perry's full press release.