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Megan McArdle

Obamacare Still in ICU

Can we stop worrying about an insurance “death spiral”?

Ezra Klein writes that we can stop worrying about an insurance "death spiral":

I think two things are true: Insurers are shaping up to take losses on all their exchange policies in 2014, and they will probably stick around in 2015 -- unless Republicans manage to curtail the extra cash the insurers expect to get via the risk-adjustment mechanisms and perhaps some administrative rule changes.