Schiff explains why the individual mandate will cause Obamacare to collapse:
"Unless the penaltaxes are raised significantly, far too many needed premium payers will drop out. As they do, the only way for insurance companies to recoup the lost revenue will be to raise premiums for the customers who remain. As the gap between the relatively low penaltaxes and the high cost of health insurance premiums increases, so too will the incentive to drop coverage. This self-reinforcing dynamic will render the entire plan non-viable."