Health insurer Humana Inc said on Thursday that it projected its enrollment mix in private plans through the exchanges created by President Barack Obama's healthcare law will be, "more adverse than previously expected."

Humana attributed the enrollment trend to regulatory changes allowing people to remain in previously existing plans not sold on the exchanges. Obama proposed allowing insurers to keep selling plans that did not comply with the Affordable Care Act after political fallout that he was not keeping his promise that people can keep insurance plans if they like them.

In short, people who prefer not to enroll in ObamaCare because they preferred the options they had are now availing themselves of the opportunity to evade this monstrosity, at least for the moment. That leaves the pool even more dominated than it already would have been to people who are enrolling only because they have no other choice - mainly older people or those with pre-existing conditions. When that's your pool, you're in trouble. That was the idea of the individual mandate in the first place. Democrats did understand, in spite of what they said, that many people wouldn't voluntarily sign up and they would have to be forced. So force them they would, because that would be the only way to get the premium dollars that would be necessary to provide coverage for the old and the already-sick.

The whole time Obama was assuring people that if they liked their plan they could keep their plan, he knew perfectly well that if it actually played out that way, it would drive the health insurance industry to financial ruin. But when faced with political consequences for breaking the promise, he threw the insurers under the bus and sacrificed a crucial element of his grand scheme in the service of saving his own political ass. The consequence? Exactly what you see. The mix is terrible, even worse than insurers first feared, and without repeal they're headed for the lovely experience of coming hat-in-hand to the government for a bailout.