NYT Sours on Obamacare?

The American Interest

"In the NYT‘s Economic Scene column this week, Eduardo Porter compares the Obamacare roll-out to Harvard University’s introduction of a similar plan in the mid-1990s. In that case, the university made changes that were intended to encourage covered employees to shop around for care. The plan seemed like it was working, at first; competition had cut Harvard’s health care costs by 5-8 percent. But as time went on, younger and healthier employees dropped out of the plan altogether, leaving behind the older and sicker. Insurance premiums shot up, pushing out another layer of the relatively young and healthy, which pushed up premiums again, and so on."