Obamacare’s Death Spiral Is In Full Swing

Comment: Older, sicker patients are flocking to Obamacare, even leaving their other insurances to jump on the Obamadole.  Covered up through 2017 by Obamacare’s insurance bailouts, the underlying insurance is nonetheless already imploding.

Rep. Hank Johnson famously worried that too many America servicemen, concentrated on one side of Guam, might “capsize” the Pacific island.  It’s time to call the good representative and ask him if too many welfare-seekers might capsize Obamacare’s exchanges(*).  This time, he might even be right.

(*) We at OCTS prefer to think of them as  ‘servitude centers.’

As a group, those signing up for insurance on the exchanges tend to be older—most of those who signed up in Michigan were between the ages of 45 and 64 years. Data from Priority Health’s pharmacy benefit managers show those who signed up also tended to be sicker, based on the number of prescriptions they were having filled. “Many had some prior insurance, but because they were able to get a premium subsidy, there was an impetus to move to the exchanges,” VanderLaan said, asking, “What are the implications of that? Think of those implications to an oncology practice.”

VanderLaan walked the audience through projections, showing that eventually up to two-thirds will be covered as individuals, not through their employers (ie, through a group plan).

Published Online: March 09, 2015
Mary K. Caffrey
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