Thursday, October 17, 2013

1 Down, 6,999,999 to go


"Delaware officials are celebrating the state's first health insurance exchange enrollee."

Here's the bad news:

"59-year-old Janice Baker of Selbyville the first confirmed resident to enroll in the marketplace."

Why is this bad news?

Because the ObamaTax requires more young, healthy Americans to sign up in order to pay for folks like Ms Baker, who's premiums are directly subsidized by substantially higher rates for younger folks. Absent large numbers of the latter, the system's economic assumptions fail. Miserably.

Unfortunately, the Cavalry ain't comin' obver the hill any time soon:

"The number of visitors to the federal government's Web site plummeted 88 percent between Oct. 1 and Oct. 13"

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