"The problem with Obamacare -- the actuary is called a 'death spiral.' It's a really kind of ugly, gruesome term, but a 'death spiral' is a mathematical term. They say when the insurance gets so expensive, healthy people won't buy it because they -- it's just a trade-off. The penalty to not buy is a lot cheaper than buying the insurance, so healthy people won't buy it; therefore, they won't go and participate in the insurance pool to cover the losses that sicker people, who have to have insurance, buy it."That's what's happening to Obamacare now."
The proportion of young adults signing up has held steady, a sign that the mix of people buying insurance this year is unlikely to be substantially sicker and more expensive than the people enrolled in plans last year."Today's data show that this market is not merely stable, it is actually on track for growth," Aviva Aron-Dine, a senior counselor to Sylvia Mathews Burwell, the secretary of Health and Human Services, said in a conference call with reporters. "Today we can officially proclaim these death spiral claims dead."