This is a story about how the Obama administration simultaneously stretched the Affordable Care Act possibly beyond its limits and diminished the prospects of that law achieving a sustainable health insurance market. It’s a case of regulators gone wild in a fit of pique. Basically, the Obama administration needlessly eliminated any pressure on individuals, most of whom would be healthy, to obtain decent health insurance policies for free. The pools are less stable as a result and some individuals may needlessly have been cast into medical bankruptcy.

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