Thursday, November 14, 2013

Obamacare death spiral

When Sarah Palin mentioned "death panels" in early debates of Obamacare, it's doubtful she meant the Senate.
But it looks like Democrats are looking to amputate unpopular parts of the bill to slow the death spiral.
Put simply, the Landrieu bill solves one of Obamacare's political problems at the cost of worsening its most serious policy problem: Adverse selection. Right now, the difficulty of signing up is deterring all but the most grimly determined enrollees. The most determined enrollees are, by and large, sicker and older.
If only a political party had warned of these problems in 2009.
And if only Democrats had listened.

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