Health insurance premiums for young people will rise in all 50 states under Obamacare, with an average increase of 260 percent, according to a study released Thursday. The young and healthy segment of the uninsured is considered crucial for the Affordable Care Act to succeed. Former President Bill Clinton suggested last week that Obamacare only works “if young people show up.” -Washington Free Beacon
Young men also face huge premium increases. One study by the American Action Forum said a 30-year-old male would see about a 260 percent increase. -Washington Free Beacon
Why should this be? It’s actually very simple. The idea of insurance is that a group of people pool their resources against the off chance that one of them will be hit with some major, unforeseeable, expense. Health insurance, in the US, has gone from pooling against unforeseen problems to paying for medical care on an installment plan.
The result is an “insurance plan” where the cost of insurance is supposed to be lower than the actual cost of care for everyone — or at least almost everyone. “Rich people” are supposed to pay more for their “insurance,” in order to cover the medical costs of “poor people,” and the young are expected to pay more for their “insurance” to cover the medical costs of “old people.” Anyone who understands economics at a very basic level — and doesn’t deny economic reality for political expedience — could have foreseen this result.
This isn’t “insurance,” it’s income redistribution, plain and simple. To make matters worse, it ultimately won’t work, no matter how you slice the pie, because there is never enough money in any income redistribution plan to make all the “have nots” happy with their ultimate lot in life. So, like all other income redistribution schemes, Obamacare will ultimately fail.
The problem, from a Christian perspective, is the amount of suffering and unnecessary death it’s going to cause along the way. The problem is the number of people it’s going to trap in dependency. The problem is the number of people who’s creative energy is going to be shunted aside because they are focused on paying taxes, rather than creating something new that will improve the lives of everyone. The problem is the massive problems that are going to ensue when the system fails, causing more pain and death than we can even begin to imagine.
There are very real human costs that are not being measured or mentioned, because they don’t fit the “narrative,” of “care for the least of these,” or “social justice,” or “free health care for all.”
Slogans can’t altar reality, no matter how much well meaning goes into repeating them, and no matter how much we’d like to believe otherwise.