That raises premiums yet again, leading the healthiest remaining folks to drop out, and so on. Actuaries call this the adverse selection death spiral. To avoid the death spiral, the Obama team estimated that it needs roughly 38 percent of people buying coverage via the exchanges to be under age 35. But data the administration released this month suggest that its turning out to be just 24 percent so far. Data from individual states appears equally troubling. In New York, only 27 percent of exchange enrollees are 35 or younger, while 53 percent are over age 45. In New Jersey, 35-and-unders made up only 23 percent of enrollees; in Connecticut, less than 20 percent. Oh, and a Reuters survey finds that new enrollees are also less healthy than ObamaCares designers hoped, too.
For the original version including any supplementary images or video, visit http://www.cato.org/publications/commentary/obamacares-ugly-progress
The Latest Obamacare Abominations
A computer security expert told “Fox News Sunday” that the notorious Obamacare website is even less secure than it was in November. David Kennedy, of TrustedSec LLC, also testified to Congress that the site is get this “100 percent” insecure and that personal information for consumers at HealthCare.gov is at risk. Before the congressional hearing, Kennedy told Reuters that the government has still not plugged the 20-plus vulnerabilities that security experts identified after HealthCare.gov went live. Though the administration rejects this assessment, Kennedy stands by his statement. “It’s not just myself that’s saying this website’s insecure; it’s also seven other independent security researchers that . . .
For the original version including any supplementary images or video, visit http://www.newsmax.com/Limbaugh/Obamacare-affordable-exchanges-jobs/2014/01/22/id/548352
A Piece of Peace 