Obamacare Train Wreck Update
For Obamacare to succeed, the young and the healthy have to take purchasing decisions that are against their better judgement and overpay for health insurance. The early numbers indicated that this wasn't happening. The updated numbers are even worse.
Health insurer Humana Inc said on Thursday that it projected its enrollment mix in private plans through the exchanges created by President Barack Obama's healthcare law will be, "more adverse than previously expected."
Humana attributed the enrollment trend to regulatory changes allowing people to remain in previously existing plans not sold on the exchanges. Obama proposed allowing insurers to keep selling plans that did not comply with the Affordable Care Act after political fallout that he was not keeping his promise that people can keep insurance plans if they like them.