The root of ObamaCare's mounting problems is that far too many people — even those eligible for big subsidies — see the plans as either unaffordable or such a bad deal that they're willing to risk paying a fine.
That goes a long way to explaining why the exchanges are attracting a small group of customers who are disproportionately old and in relatively poor health, why the cheapest bronze-plan premiums are set to spike 28%, and why UnitedHealth (UNH), Aetna (AET) and Humana (HUM) are bolting most of the markets where they're doing business.
Read Full Article »