By Seth Chandler, Forbes
Skeptics frequently claim that Obamacare will necessarily end in a death spiral. The demise occurs because, without medical underwriting, and without actuarially sound underwriting based on demographic factors, the insurance pool will evolve badly. It will become disproportionately populated by those with medical expenses in excess of premium revenues. This “adverse selection” will cause insurers to increase prices, which will create a positive feedback cycle. The end result of this “modified community rating” will be either a death spiral — no insurance market at all — or a “coma spiral” — the insurance market exists, but just barely.
Really!?, Really!? "You have to pass it before you can know what's in it!" from Nancy "The Old Bitch" Pelosi!
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