Friday, March 07, 2014

The Obamacare death spiral

This was a no-good, rotten week for Obamacare and Megan McArdle believes the worst is yet to come.  By continuously delaying provisions of the so-called law, Obama is putting the whole structure of the insurance industry out of whack:
The hacksaw makes the insurance market less viable, reduces coverage and forces the government to spend more money trying to keep insurers from exiting the market.
This administration seems to believe the insurance companies will take one more for the team - over and over - by setting new requirements without finding a way to pay for them.  This makes it all the more certain that the risk corridors will be tapped out on the taxpayer's dime.

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