The opinions expressed by columnists are their own and do not represent our advertisers

Thursday, January 16, 2014

More Bad News For ObamaCare: Death Spiral Continues, Leads To Higher Future Premiums; Plus Some Crazy ObamaCare ‘Promises’

Guess what? We are almost certainly going to be seeing higher ObamaCare premiums in the next year, given the fact that many more older and sicker people have been signing up for the program. I am sure that you are aware of the fact that in order for this law to be financially viable it simply must be attracting a large number of younger and healthier customers. This is so that there will not be so much of a drag on the system wide resources. Obviously, older people will use more healthcare than younger folks. Not to mention the fact that younger people will end up paying higher premiums for this ‘privilege.’

Because of this fact, with more older Americans signing up and fewer than hoped younger Americans, it almost guarantees that next year’s expected premium increases will be higher than expected for millions of people. Even the New York Times is reporting this:

“People signing up for health insurance through the Affordable Care Act’s federal and state marketplaces tend to be older and potentially less healthy, officials said Monday, a demographic mix that could threaten the law’s economic underpinnings and cause premiums to rise in the future if the pattern persists.”



Anonymous said...

Yeah, I'm, luckily, young and heealthy, and I'm not signing up.
I'll not be held financially responsible for all those old people who walk around with oxygen tanks and sit in PRMCs hyperbaric chambers like they're travelling to the moon or something. Y'all voted for Nixon, now reap the rewards of your HMOs

Anonymous said...

It doesn't take a PHD in Economics to say that this program is designed to attract poor health risks. For them, the insurance is cheaper and they sign up out of personal benefit. But for everybody else, they are being forced to pay too much in order to subsidize the disproportionate risks, so they will go without and self-insure.

Anonymous said...

Add 100,000 government administrators (or more)& a few IT companies to any existing system in America, and tell me the resulting product will be cheaper.

Any takers?

Anonymous said...

OweBama was fascinated with high-speed rail when he was touting his 'shovel ready jobs' line. So why be surprised that when he engineered the OweBamacare train wreck it turned out to be a high-speed train wreck of a program.

Now boarding on track one. First class fares for second class care!