CBO Halves Obamacare Enroll/Enslave-ment Target

Comment: No, the Death Spiral is not an artificial planet inhabited by Darth Vader, it’s a dreaded type of insurance market collapse, and it’s here.

With too few normal people signing up for Obamacare’s mandated low-quality over-priced insurance, and only the sick and the poor on board, there aren’t enough healthy cows for Obamacare to milk. This group of poor and sick people costs more, which means rates on the Obamacare slavery exchange must rise to cover them, causing more healthy people to quit, causing premiums and deductibles to rise even more.  Rinse, lather, repeat.

“The goal of 10 million signs-ups is significantly lower than what the nonpartisan Congressional Budget Office (CBO) predicted in June, when it estimated 20 million people would enroll next year.”

“Around 33 million remained without health insurance at the end of 2014, just over 10 percent of the U.S. population, according to Census Bureau data.”

“The White House says the enrollment targets are not a cause for concern.”

President warns of ‘misinformation’ during ObamaCare enrollment
By Jordan Fabian – 11/04/15 05:04 PM EST

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