Tuesday, January 14, 2014

Best of the Web Today: ObamaCare's Sex Problem - WSJ.com

Best of the Web Today: ObamaCare's Sex Problem - WSJ.com: "The official ObamaCare "enrollment" numbers are out, and they're very close to the unofficial estimates on which we based yesterday's column arguing that the "adverse selection" problem does indeed seem to be materializing. That's based on the age breakdown, which shows ObamaCare failing to attract the required proportion of younger Americans (18-34) and skewing heavily toward middle age, especially late middle age.

It can't be stressed enough that the real story is almost certainly far worse than the age distribution would suggest. The reason the age distribution is important is that younger people tend to be healthier, meaning that they consume less medical service and are cheaper to insure. But some young people are sick too, and if they are the ones buying ObamaCare policies, that aggravates selection despite their tender years. But while this problem can be identified and anticipated, there is no way to estimate its magnitude. Insurance companies no longer ask about pre-existing conditions."

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