In all the terrible and worse news about Obamacare some hopefulls are pointing to KY, the only southern state to set up its own exchange, where the state seems to be successful. But is it really?
Obamacare is predicated on getting healthy young people to overpay for health insurance in order to subsidize older sicker people. Yeah, turns out young people might be idealistic, but they aren't totally stupid. Ratios of young people have fallen short of the critical mark needed to make Obamacare viable in KY. That means costs will soar and the system will melt down of its own accord. Oops.
Death Spiral Watch: Few Younger Enrollees in KY Obamacare Exchanges
Obamacare is predicated on getting healthy young people to overpay for health insurance in order to subsidize older sicker people. Yeah, turns out young people might be idealistic, but they aren't totally stupid. Ratios of young people have fallen short of the critical mark needed to make Obamacare viable in KY. That means costs will soar and the system will melt down of its own accord. Oops.
Death Spiral Watch: Few Younger Enrollees in KY Obamacare Exchanges
