Obamacare: Sicker Than We Thought
By William J. Tate
April 25, 2014
For far too long, opponents of the Affordable Care Act focused on a malfunctioning website, which is akin to complaining that a guillotine’s blade isn’t sharp enough. The process doesn’t really matter, if folks end up with their heads on platters.
Even as Barack Obama does a NASCAR-like victory lap, claiming 8 million enrollees (Full disclosure: the author is one of the folks who have health insurance through the exchange. Or maybe he’s six people, having had to fill out an application several times to get through the enrollment process.), there are ominous portents for his multi-trillion-dollar “signature” program. Mr. Obama might want to check the lug nuts before he spins another donut.
Early reports show that folks signing up for health insurance through ACA exchanges are less healthy than expected, and that the high cost of medications they’ll need will put additional strains on the ACA’s unrealistically optimistic budget.
Consensus has been that, for the exchanges to work, not only young, but young and healthy folks would have to sign up in hefty numbers, paying for the needs of the less healthy. That apparently isn’t happening.