Michael Tanner brilliantly sums up the core of why "guarantee issue" and "community rating" is an "insurance death spiral" as younger, healthier folks walk away from higher premiums mandated by those ever-brilliant, ever-helpful gov'mint folks:
"But the 1,017-page bill making its way through the House devotes all of six pages to insurance reform -- 30 pages, if you count all the definitions and supporting provisions, still less than 3 percent of the bill. So why the bait and switch? Well, one reason might be that Obama realizes that these insurance reforms aren't all they are cracked up to be...
"After all, prohibiting insurers from charging more to older and sicker customers amounts to a tax on the young and healthy who must pay higher premiums to subsidize their less-healthy counterparts. And letting people buy insurance after they get sick means healthy people have little incentive to buy insurance.
"Put the two together and, as the Congressional Budget Office has warned, the young and healthy are much more likely to simply do without insurance.
As the healthy leave the insurance pool, the proportion of sick in the pool grows ever greater, leading to higher premiums -- which in turn causes the healthiest remaining individuals to leave in what amounts to an insurance death spiral."
Read how it has already failed when tried: http://www.nypost.com/seven/08202009/postopinion/opedcolumnists/obamacares_bait__switch_185397.htm