Megan McArdle, Columnist

The Once and Future Obamacare Death Spiral

The new enrollment figures look healthy until you notice one crucial vital sign.

Enroll now.

Source: Getty Images
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Is Obamacare in the infamous “death spiral”? Paul Ryan says it is. The Obama administration, on the other hand, is touting its splendid enrollment growth numbers, a case summed up by Danny Vinik at Politico:

Obviously these two things cannot simultaneously be true. Or maybe they can. To understand why, let’s review the recent history of Obamacare.