1. People couldn’t get insured because they didn’t have a job, or because they had known expensive to treat illnesses.
2. Obamacare shifts the burden to pay for these two cases to the entire insurance pool, raising everyone’s rates under penalty of a fine.
3. Those without money go ahead and get insurance paid for by others through subsidies.
4. Those with pre-existing conditions go ahead and get insurance as required to cover their conditions, then drop.
5. It becomes cheaper to just pay the fine, so “regular” people start dropping out, with the intention of waiting until they have a major illness to opt back in.
6. Cascade effect, more people drop out, rates keep going up. Takers stay in, since it is still economically favorable.
7. Insurers can no longer maintain the illusion, because profitable sectors of their business cannot make up this level of losses, so they begin to drop Obamacare segments of their business and focus on profitable segements.
8. Leading to fewer choices, higher rates, and more people dropping.
But wait, didn’t we explain this BEFORE this crap was passed!!!!
Liberals are renowned for their static analysis.
They never bother to think ahead to how all the other moving parts of the system are affected.
“But wait, didn’t we explain this BEFORE this crap was passed!!!!”
No. If you’ll remember, it was speaker of the house Nancy Pelosi that said we had to pass it and make it into law before we could figure out what was in it. The public knew almost nothing of what the law contained until it was in. Unfortunately, neither did congress.
red