Sunday, July 7, 2013

(Related Update): Well, they did vote for him (twice!) in droves....

Related update: Per my observation below about the young subsidizing the infirm, a post today from Via Meadia entitled "Old and sick swamp Obamacare".

Original Post: An IBD editiorial a few days ago pointed out that the internal logic (if you want to call it that) of the Obamacare Monster requires that a lot of healthy people pay a lot of money in order to subsidize the elderly and infirm.  So, to a large extent, that means that the nation's youth have to foot the bill.  But as the editioral points out, given what a disaster it is -- particularly for the young --, the only way Obamacare succeeds is if the young are (stay?) stupid:
A marketing presentation put together for the administration admits that convincing the young and healthy — who make up 48% of the uninsured — to buy insurance will be difficult, since they "take health for granted" and have a "low motivation to enroll."
What it doesn't say is that ObamaCare will give them still more reasons not to buy insurance.
According to recent news reports, the cheapest policies so far proposed for ObamaCare exchanges will cost an average of about $2,400 a year. And these come with higher deductibles, bigger co-pays and stricter limits on doctors and hospitals than many individuals can buy today at lower prices. This isn't exactly a strong selling point for millions of young people who rarely need health care.
Read the entire article here.

Here's Charles Krauthammer on the essentially the same topic:
Young people are going to be paying double and triple what [they] would ordinarily be paying in health insurance if the premium were linked to the risk, which is the way that would be for the last 600 years in insurance. But it's not; it's linked to what Nancy Pelosi and Harry Reid agreed upon as the risk ratio. So they are going to be doubling and tripling, and the free lunch part of this affair is now over.