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Barrycare hits 3 million signed!

Thus the real problem begins.

Adverse Selection >> Taxpayers

Game over.
 
The people who are banging on the web site and signing-up for BarryCare (we still don't know if they're paying) are the sickest of the sick.

The people who are hanging back and waiting are pretty healthy people who don't want to subsidize the sicker group.

It's a death spiral. Rates will skyrocket. Insurers will take it out of doctors and hospital reimbursements first. Then taxpayers will have to fill-in what's left over.

My Prediction -- you heard it here first: When you add-up the additional premiums + hospital reimbursement cuts (which will be picked-up by local and federal governments) + insurance bailout, the net effect will be $200B on taxpayers in 2014. In later years it will rise to closer to $500B per year.
 
The people who are banging on the web site and signing-up for BarryCare (we still don't know if they're paying) are the sickest of the sick.

The people who are hanging back and waiting are pretty healthy people who don't want to subsidize the sicker group.

It's a death spiral. Rates will skyrocket. Insurers will take it out of doctors and hospital reimbursements first. Then taxpayers will have to fill-in what's left over.

My Prediction -- you heard it here first: When you add-up the additional premiums + hospital reimbursement cuts (which will be picked-up by local and federal governments) + insurance bailout, the net effect will be $200B on taxpayers in 2014. In later years it will rise to closer to $500B per year.

rats ... Plunkey pays again






p'wnt!
 
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