UPDATE 1: On Twitter, Jonathan Cohn of The New Republic argues that I’m being unkind to California (1) by not describing the mandates that Obamacare imposes on insurers in the individual market, and (2) not explaining that low-income people will be eligible for subsidies that protect them from much of the rate shock.
From the Avik Roy blog pointing out the misleading California exchange premiums.
Here is my point. Does it really matter who pays which portion of the total premium? It’s either the subscriber or the taxpayer.