The Wall Street Journal points out the problem with the “Affordable” Care Act that’s far worse than malfunctioning websites: The plan’s economics are totally dysfunctional.

“For the first time HHS also disclosed data about the demographic mix on the exchanges and the types of plans people are choosing. In rational insurance markets this wouldn't matter because people would be charged premiums roughly proportional to their expected health risks. But ObamaCare's regulations require younger and healthier people to be overcharged in the name of equity and income redistribution, and if they don't report for duty then rates will surge over time.

“Age is a crude actuarial proxy for health status, and merely 24% of enrollees are between ages 18 and 34. ObamaCare's economics needs that to rise to about 40% to achieve a critical mass. Enrollment also skews heavily to people 55 to 64 years old, at 33%.

“Insurance policies plunge into a ‘death spiral’ when premiums don't cover the cost of claims, causing rates to surge year over year and more and more beneficiaries to drop coverage. This ‘adverse selection’ already appears to be underway in eight states including Maryland, Washington, Ohio, Texas and Indiana.”

Supporters of the Obamacare insist the system has backups to shift undue costs from winners to losers among insurers. The Journal points out these aren’t enough in a situation where there are many, many losers. So once again, the administration is rewriting the law on the fly. In the end, who will pay? All of us will, big-time.