Obamacare: Don’t trust anyone over 60?

OldAs everybody with a pulse must know by now, if the only folks who buy Obamacare coverage are the sick and those in late middle age, the system will be self-supporting only at very high premiums, hardly a recipe for cementing popular support. That’s why candidate Obama reluctantly accepted the individual mandate as part of his health insurance plan, adding a spoonful of sugar for those who are poorly paid (but Medicaid ineligible) in the form of need-based subsidies. Indeed, as pundit Matt Miller has pointed out, such generational transfers are the keystone to virtually all health insurance: Employer-based group insurance works only because younger workers help carry older ones.

 

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