Young Voter Base
The president is punishing his base. Young voters delivered for him in both elections. Their reward is to be asked to subsidize older and sicker voters through ObamaCare. It’s a scheme to spread the wealth from the relatively poor to the relatively affluent.
Can’t say he didn’t give the “young healthies” an important job. If they don’t sign up, ObamaCare could go into a death spiral. Or not.
Carl Schramm in the WSJ cites this Manhattan Institute study:
A Manhattan Institute analysis of Health and Human Services numbers notes that a 27-year-old male will pay 99% higher premiums under ObamaCare than he would under previously prevailing market rates. One reason is that the law now limits insurers to charging the sickest seniors no more than three times the amount they charge their youngest customers. Given that 64-year-olds use on average six times as much health care as 19-year-olds, the Affordable Care Act forces young people to pay considerably more than the cost of their own care.
Young men and women who pay a fine instead of buying coverage are not making an irrational choice. They know how little care they need and use. They also may be beginning to understand that the high cost of their plans reflects the redistribution of their wealth to older people and a bunch of mandated services that don’t make sense for them.
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