Obamacare: You Still Can’t Fix Stupid…or Make It Pay
3rd May 2014
Even Voices of the Crust are waking up to the reality.
No matter what the exact number is, there’s no doubt the percentage of non-paying Obamacare enrollees will be much, much higher than anything private insurers have dealt with in the past. Default rates in that business usually run in the very low single digits. The kind of responsible and engaged people who got their own health insurance in the past tended to also be responsible enough to pay their bills on time. That’s one of the things that made the health insurance self-coverage business so good for so long.
But no one should be surprised by what looks like a serious problem with payments under the ACA. Because the same force that stopped tens of millions of Americans from getting health-care coverage of any kind even before the ACA is still at work now … and you still can’t fix stupid.