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Obamacare’s Generation Of Slaves

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Unread 02.13.13, 03:57 AM
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Obamacare’s Generation Of Slaves

02.12.13 10:01 PM

Did some of America’s liberals just wake up from a four-year coma?

Throughout the 2012 election cycle, conservatives complained that the online “social news organization” BuzzFeed served a propaganda arm for the campaign to re-elect President Barack Obama. But in recent days, the youthful news organization has published story after story explaining how the Obama Administration has been and is poised to continue “screwing” its base and young Americans.

In a piece published to the website early this week, BuzzFeed staff writer Ben Smith admonishes that the unConstitutional healthcare package the President designed ultimately will be most expensive for young Americans.

From the article:
State and federal officials and the health-care industry are currently preparing to implement two specific ObamaCare provisions taking effect on Jan. 1, 2014, acting on this politically perverse principle of shifting resources from your supporters to your opponents. The first is the individual mandate, which aims to force the young, childless, and healthy — “Young Invincibles,” as they are said to think of themselves — to buy health insurance, even if they think (and even perhaps make a rational, if risky, bet) that they don’t need it.

The second is a lesser-known policy to limit the practices of charging different premiums to different ages, known as age-rating. Many states currently set a limit on this difference, often mandating that an old person shouldn’t pay a premium more than five times a younger person’s, even if she’s expected to use more than five times as much health care. The ObamaCare provision kicking in next Jan. 1 would reduce that ratio to three-to-one, essentially limiting what the elderly pay in part by forcing young people to carry a larger share of the total cost of national health care.

Though Smith may have been too blinded by the prospect of “hope” and “change” to realize it, it has not been a grand secret that Obama’s healthcare initiative costs young people while lining the pockets of the Nation’s older Americans and insurance companies. That would explain why the AARP (which Smith branded the “implacable lobby for retired people”) so championed the healthcare overhaul.

The President and fellow Democrats have lauded the ability of American youth struggling to gain healthcare benefits through employment to stay on their parents’ healthcare plans longer as a key strength of the plan. But a recent study of healthcare changes coming in 2014 from the American Action Forum notes that, in reality, Americans under the age of 27 that do have to purchase insurance under the Obama plan will see their healthcare costs triple.

The study estimates young, healthy people will be hit with insurance premium hikes nearing 169 percent, while older and sicker Americans will enjoy a 22 percent decrease in premiums because of healthcare vouchers under the system of mandatory insurance.

Some people might suggest the bottom line is that the Obama Administration has managed to put into place the machinations to enslave a whole generation of Americans. And those who will be enslaved are the very people who enabled the Administration’s rise to power.

The Washington Post’s Ezra Klein attempted to soften the message of Smith’s article in a rebuttal bearing the headline “Don’t worry, kids. Obamacare is a good deal.” Klein writes:
Universal health-care systems in general, and Obamacare in particular, move money from the rich to the poor. The program fully subsidizes insurance for anyone making less than 133 percent of the poverty line and partially subsidizes it up until about 300 percent of the poverty line. On the other side, Obamacare pays for itself in part by taxing the rich. Both parts of the bill effectively redistribute from older Americans to younger ones.

So at a time when youth unemployment is hovering around 13.1 percent, the Presidential healthcare overhaul is going to slam young Americans with high healthcare premiums on top of crippling college debt and in spite of little positive economic outlook. But, worry not, pundits of Klein’s vein say; because on the whole, Obamacare will redistribute money from rich to poor by paying for itself with high taxes on high earners.

For anyone keeping score, it appears that Smith is winning the argument. Not only are young Americans going to get screwed in the beginning with high mandatory healthcare costs, but they will also get screwed in the long run when they mature and themselves become high earners who are subject to the high taxes that pay for Obamacare.

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