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Paul Ryan's repeal of Obamacare could spark "death spiral" in some insurance markets
Paul Ryan’s repeal of Obamacare could spark ‘death spiral’ in some insurance markets
http://www.mcclatchydc.com/news/nation-world/national/article138083393.html
WASHINGTON
House Speaker Paul Ryan says the Affordable Care Act is in a “death spiral,” but his own repeal legislation could, in fact, be the spark that causes insurance markets to unravel in certain areas of the country, according to a new analysis.
In the insurance industry, a “death spiral” happens when people begin to drop their individual coverage because they can’t afford it, leaving behind mostly sicker plan members whose higher medical costs then drive up premiums even more.
Insurers, left with fewer and more costly plan members, would ultimately stop offering coverage, which increases the numbers of uninsured — and so on as the pattern spirals out of control.
***
However, provisions in Ryan’s GOP legislation to repeal and replace Obamacare could, in fact, cause insurance markets to unravel in certain areas across the country, according to an analysis by Jeanne Lambrew and Ellen Montz of The Century Foundation, a progressive think tank.
http://www.mcclatchydc.com/news/nation-world/national/article138083393.html
WASHINGTON
House Speaker Paul Ryan says the Affordable Care Act is in a “death spiral,” but his own repeal legislation could, in fact, be the spark that causes insurance markets to unravel in certain areas of the country, according to a new analysis.
In the insurance industry, a “death spiral” happens when people begin to drop their individual coverage because they can’t afford it, leaving behind mostly sicker plan members whose higher medical costs then drive up premiums even more.
Insurers, left with fewer and more costly plan members, would ultimately stop offering coverage, which increases the numbers of uninsured — and so on as the pattern spirals out of control.
***
However, provisions in Ryan’s GOP legislation to repeal and replace Obamacare could, in fact, cause insurance markets to unravel in certain areas across the country, according to an analysis by Jeanne Lambrew and Ellen Montz of The Century Foundation, a progressive think tank.
