Tuesday, January 28, 2014

When you've lost Jim Moran...

Congresscritter Jim Moran (D-Va) is concerned:

"I’m afraid that the millennials, if you will, are less likely to sign up [for the ObamaTax] ...  don’t think we’re going to get enough young people signing up to make this bill work as it was intended to"

Here's the point, to which Rep Moran passingly alludes: in order for the numbers to properly crunch, there has to be a mix of both healthy and young people (not necessarily the same thing). Absent one, or both, the system will quickly fall apart, since it's on the shoulders of those two demographics that the premium structure relies.

How's that, you ask?

It's pretty simple, really: since the ObamaTax limits the premium differential between young and old, the former are needed to subsidize the costs of the latter. This means that young people will pay disproportionately higher premiums in order to artificially lower the folks in their 40's and 50's.

And since the law now requires that insurers take everyone whop comes a-callin' - and the sicker the better, really, for the photo ops - the healthiest are now subsidizing their less fortunate fellows to an even greater extent than under our previous system.

What's that word I'm looking for? Oh, yeah.
blog comments powered by Disqus