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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (833669)2/1/2015 1:35:10 PM
From: i-node  Read Replies (1) of 1578628
 
>> What makes you say that they will go under?

Looking at the exchanges overall, going into the first year we were told it was "essential" for the exchange plans to capture 40% "young, healthy" people. And if that didn't happen these programs would not be sustainable. As I pointed out in a post to CJ the other day, you cannot fix a bad cohort with more of them.

At the end of the first enrollment period, that percentage was 25%, which guarantees that rates have to go up substantially. Thus far, during the second open enrollment, that figure is reported as having dropped to 24%, a move in entirely the wrong direction. If, at the close of open enrollment, we are still seeing the anemic gross enrollment numbers as well as the inordinately low mix of young people, these programs will be broke very, very quickly after the 3-year period during when they can receive kickbacks ends.

And this is occurring with MASSIVE subsidies by the taxpayers which Steven Brill -- a supporter of ACA -- has said, "There is no way in hell we're going to pay for it!" Which is what other informed people have been saying since its inception.

And you guys never quite seem to address it. Money? WTF? It doesn't matter. We can borrow more.
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