Friday, October 18, 2013

Some Obamacare adverse selection

The other side of Obamacare’s Oregon success: No one has bought private insurance
Yesterday I wrote about Oregon's big success signing people up for Obamacare: The state had, in the course of 17 days, signed up 56,000 people for the health law's Medicaid expansion. In one fell swoop, the state had cut its uninsured rate by 10 percent. That is, however, only part of the story from Oregon. When it comes to private insurance, spokeswoman Amy Fauver said that it has not yet had any sign-ups.

Well, excuse me, but the two are related. The ones who pay also pay for the ones who get it free. The incentives are not quite right.

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