[InterceptPoint]

As such, the additional cost to insurance companies though large may not be so burdensome that they need a bailout to survive.
**
Except they are guaranteed a bail-out by the law itself. The federal government is bound to cover 80% of any losses the insurance companies might experience in a given “risk pool”.
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This is true. But 80% isn’t 100% and the stockholders and the stock market will render a harsh judgement on these companies. Premiums will rise to compensate and the pool of good money making customers will decline.

How do you spell Death Spiral?

[okie01]

But 80% isn’t 100% and the stockholders and the stock market will render a harsh judgement on these companies. Premiums will rise to compensate and the pool of good money making customers will decline.

How do you spell Death Spiral?

O-B-A-M-A-C-A-R-E