The New One Percent

My bad — apparently somebody has managed to get through ObamaCare’s rollout failures and buy some health insurance.

Did they get their subsidy? Did they get the correct subsidy? How much is this costing the rest of us? What happens to our plans? How many would be left without coverage even if the thing were working?

But the important thing to remember is this.

Unless young people really do sign up for, and pay for, insurance, then premiums for older people will shoot up into the dreaded “death spiral.” That’s why getting the rollout to work smoothly was so important.

So… brace yourselves.