Obamacare Needs Invincibles, It Doesn't Matter If They Are Young

The persistence the myth that the future of Obamacare depends on young healthy people signing up shows how reporting on key policy issues can be completely removed from reality. The tiny kernal of truth in the story is that the premium structure is somewhat tilted against young people. An actuarial fair structure (meaning premiums are proportional to costs) would have the oldest age group (55-64) paying about 3.5 time as much as young people on average. However under Obamacare the ratio is ju...