Gee, Mme Secretary, I wonder why...

From the lips of Ms Shecantbeserious:

"The private [health insurance] market is in a death spiral"

D'unh!

For someone like Mme Secretary this is, of course, a feature, not a bug.

But it's what happens when you impose rate controls, mandate coverage for non-medically necessary items, give away health insurance to irresponsible folks, and gin up phony "Exchanges."

Quelle surprise.