Monday, April 4, 2016

Sick but Getting Sicker

But to work, ObamaCare had to also bring in more young and healthy people to offset the costs of the older and sicker and keep insurance premiums down. Otherwise, the market would enter into a “death spiral,” in which higher premiums drive more healthy people out of the market, pushing rates up still further.
That was precisely what happened in several states that had already experimented with ObamaCare-style insurance reforms. And it’s why ObamaCare included an individual mandate and the sizable penalty for not signing up.

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