Congress needs to re-instate the individual mandate. No insurance plan of any kind works when only higher-risk people have it. Well, I guess it would be theoretically possible, but it would be godamighty expensive.
In the original setup, everybody had to have insurance no matter what. Could be through an employer, could be through the ACA, could be self-paid. But one way or another, everybody had to have it. When Congress eliminated that requirement, it cut the very basic actuarial underpinnings out.
I don’t particularly like government involvement in private industry, and didn’t support the ACA when it first came out. But I came around when the bugs got worked out after the first couple of years, and you had a combination of everybody having health insurance and the insurance companies were finding it to be profitable.
So while I still have a predisposition against governmental involvement, until someone comes up with something better, I’m in favor of ACA, provided the individual mandate is reinstated.
I am a bit befuddled as to why, given control of both houses of Congress, the Democrats haven’t tried to reinstate the individual mandate.