Not So Bad

I know Sean (“Death Spiral”) Hannity won’t see it this way, but the demographics of Obamacare so far aren’t that bad.  They had hoped about 40% of those signing up would be 18-34.  So far, it looks more like 24%, so the insurance pool is older and sicker than they’d like.

But, there’s three more months of open enrollment, and it was always expected that the old and sick would sign up first, since they need coverage more desperately, and the young and healthy would be stragglers.  That’s how it played out in Massachusetts when Romneycare first took effect.

Also, the Kaiser Family Foundation says that even with this pool, the insurance market should be stable, with premiums rising maybe a percent or two.  If the risk pool improves as expected, that will help keep premiums down.

Looking a lot better for the Prez (and Dems running in 2014) than it did three months ago.

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