Investors.com posted an article today about one of the unintended consequences of ObamaCare. The law as it was explained by the Obama Administration states that if a person’s income is less than 400% above the poverty line, they are supposed to get a subsidy for their health insurance. However, there is a glitch in this law that denies that subsidy to most childless single people between the ages of 18 and 34. Unfortunately, this is the group that needs to participate in ObamaCare in order for ObamaCare to work.

The article explains the problem:

The reason for the disparity in subsidies stems from the formula ObamaCare uses to calculate the subsidy amounts. Under the law, people making less than 400% of poverty will only be required to pay a certain percentage of their income toward insurance coverage. Anything above that amount will be paid by taxpayers.

So, for example, someone making $34,470 — or 300% of poverty — would have to pay $3,275 in premiums before ObamaCare subsidies kick in.

But because most young people in this income group will be able to buy insurance in the ObamaCare exchanges for less than $3,275, they won’t get any subsidy help. That was the case in the 14 states that, along with Washington, D.C., had announced their ObamaCare rates when the study was conducted.

The article further reports:

“On balance, insurance in the exchanges will be a much better deal for older and sicker people,” said Sean Parnell, president of Impact Policy Management, who co-authored the study with Hogberg.

And that, the authors note, could lead to an insurance “death spiral,” if the young avoid paying full price for coverage while older, sicker people take advantage of the generous ObamaCare subsidies.

Further evidence that ObamaCare is not yet ready for prime time.