The WSJ spotlights an apparent anomaly in ACA subsidies

Once again, the WSJ combines factual accuracy with a negative emphasis in its reporting about the Affordable Care Act.

Today's front-pager, by Christopher Weaver and Louise Radnofsky, spotlights an anomaly: When the subsidies offered by the federal government are taken into account, older adults will pay less for insurance on the ACA exchanges than young adults of the same income if they opt for the cheapest, bronze-level plans. That raises the specter of adverse selection and is therefore worrying insurers, who have to offer insurance to older adults relatively cheaply (but not as cheaply as Weaver and Radnofsky imply). Here's the lede: