Sharyl Attkisson: Insurance 'Death Spiral' Could Cause ObamaCare's 'Collapse'

October 30, 2013 - 5:55 PM
Sharyl Attkisson: Insurance 'Death Spiral' Could Cause ObamaCare's 'Collapse'

From the 29 October 2013 edition of CBS Evening News:

SHARYL ATTKISSON: The 23 small co-ops across the country that are part of Affordable Care are intended to provide competition. As they adjust to stay afloat, some analysts worry that ObamaCare, as designed, might not. Their biggest fear is that with the website problems, more of the enrollees will be the sickest and most motivated. If that happens, insurers would have no choice but to raise premiums, and that could cause more healthy customers to flee. In the insurance industry, it's known as the 'death spiral', and experts say if that were to come to pass, the ObamaCare business model would collapse.