Showing posts with label taxpayer bailout. Show all posts
Showing posts with label taxpayer bailout. Show all posts

Saturday, November 23, 2013

Death Spiral

For taxpayers that is. 
TV talking heads worry about Obama care going into a death spiral.  By which they mean only older and sicker patients sign up for Obamacare and the young and healthy won't.  Which means the insurance companies have to raise premiums to pay the bills, which means fewer and fewer healthy patients would sign up, 'cause it costs too much.  As the TV newsies tell it, the entire Obamacare plan would emit black smoke, burst into flames and make a big hole in the ground where it hits.
  Don't you wish. 
  In real life, the insurance companies will cry a lot, and head to the White House for a taxpayer funded bailout.