Off-Topic: Why Obamacare is doomed to fail
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Name:
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MartiniMan
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Subject:
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Why Obamacare is doomed to fail
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Date:
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12/2/2013 2:17:11 PM
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Obamacare was always built on the backbone of young people signing up and providing the premium dollars with little payout to subsidize the costs of everyone else. even Slick Willie admitted recently that it only works if they show up. What is pretty obvious to those with the ability to think clearly is that under the current system they won't show up, and for very good reasons that have nothing to do with a lousy website experience.
Why is that? Many reasons but here are the big ones. First of all, the premium structure does not take into account the actuarial reality of being young and healthy and as a result are priced way too high. And forget the subsidies as even with them the cost for insurance is much higher than they used to be able to get from the individual market. For the typical 30 year old making $30,000 per year the subsidy is less than $100. And if married and each spouse makes $30,000 per year it goes to zero. Second, it is far cheaper to pay the tax than pay for insurance. Third, with the new law they can stay on their parent's insurance until age 26 for basically no cost. Fourth, they will correctly decide that if they do get sick they can just sign up then, a feature we long ago warned would cause adverse selection which is the death nell of any insurance program.
More importantly, the SLOTUS loving youth vote is going to be figuring this out right about the time Billary will be trying for the White House. Slick Willie with a history of dissing the black vote for SLOTUS and the youth vote figuring out they have been royally screwed will not be helpful, assuming of course the govt media doesn't convince enough low information voters. This also sets up a primary challenge from the far left like elizabeth Warren......the GOP's wet dream opponent in 2016.
And the final question, considering SLOTUS and his true desire for single payer system was this designed to fail or are they just that incompetent? I vote for the latter explanation but you never know.......
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