Forget the number of people who signed up for Obamacare. That isn’t what counts.


What matters is whether the newly insured are those whose claims costs will exceed their premiums. For this flawed law to work, there needs to be lots of “young invincible” members in the pool. There is no indication yet that they are signing up. My bet is that the pool is being dominated by older and more ill members. If that turns out to be the case, the thing collapses.

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