Quote
Originally posted by: malibber2
The death spiral is coming.
DonDiego is not entirely certain that malibber2 actually believes "The death spiral is coming." DonDiego believes it, . . . but for someone on the internets to change his opinion based upon developing facts is, indeed, rare.
By the way the South Carolina Obamacare Co-Op became the 9th to fail this week.
Ref: ABC News
One can find an excellent exposition addressing the inevitable fate of Obamacare at National Review: "Obamacare Enters a Downward Spiral as Co-ops Fail and Enrollment Slows".
Excerpts:
". . .co-op customers and insurers are not the only ones facing problems. After Obamacare drove up the price of individual-market insurance by 49 percent in 2014, and then caused millions of people to see double-digit increases, again, this year and next, new-enrollee projections plummeted."
"Obamacare disproportionately incentivizes people to enroll who have higher health costs and qualify for larger subsidies. As their costs to the health-care system continue to rise, so do the premiums on healthier and wealthier enrollees in traditional, non-co-op plans. Understandably, the latter then enroll in smaller numbers."
Oh, and of course there was one other thing, . . . if one must employ deception to pass legislation, one should not be surprised when reality leads to failure: "Lack of transparency is a huge political advantage".
DonDiego is not surprised.
