George Will: Young People Fleeing Obamacare in 'Rational Terror'
Healthcare.gov isn't going to be fixed by the end of November. Yet, that's the least of the Obama administration's worries concerning their epic failure in rolling out their new health care law. Bloomberg's Megan McArdle apty noted that only "hope" would be able to save Obamacare.
With the system collapsing, pundit George Will said last night that a critical component of Obamacare's success - young people - is running away in "rational terror."
McArdle added that:
"The administration badly needs the insurers' help, because there's growing concern that the exchanges simply will not be ready by the Nov. 30 deadline it set."
"That's a big problem. A lot of people with private health insurance are losing their policies. This was supposed to be not so bad because they could go onto the exchanges. Only now, there are no functioning exchanges. If the exchanges aren't working by December, those people will be in a pickle. Premiums are rising substantially in many markets. For people with incomes below 400 percent of the poverty line, subsidies were supposed to partly offset that price increase. But only policies purchased on the exchanges are eligible for subsidies."