Tuesday, January 12, 2016

Accelerating the death spiral

Prepare to be shocked: Americans are gaming Obamacare to run up medical bills then drop coverage.
Both those trends make the risk pools skew toward sicker, costlier customers — and under Obamacare, plans can no longer deny coverage to those with expensive medical conditions. That problem has been exacerbated by the large numbers of healthier people who are choosing to stay uninsured rather than shell out money for coverage.
Hmmm...I seem to remember somebody predicting that this very thing would happen.

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