Monday, January 04, 2016

ObamaTax D'unh!

So The Grey lady has finally figured out what we've known pretty much all along:

"Many See I.R.S. Penalties as More Affordable Than Insurance"

No kidding.

As we've long noted, most recently this past October:

"If you're not getting a subsidy, there's no plan at any age that's going to be [as low as the penalty tax fine]."

We already know that the first wave of the most recent Open Enrollment season was an unmitigated disaster, with far fewer victims enrollees than either predicted nor necessary for sustainability. This of course has a major dampening effect on insurers, who need the influx of the mostly healthy folks that wisely opt out to help offset huge claims losses.

Sucks to be them.

[H/T Gabe Malor]
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