How Obamacare fleeces the young

Posted in the Columbus Forum

Oliver Canterberry

New Albany, OH

#1 Apr 26, 2013
Starting next year, the Affordable Care Act will limit how much health insurance premiums can vary based on age. Health insurers will be restricted to charging older people no more than three times higher premiums than they charge younger people. This is bad news for the young.
It's a fact that, in general, the older you are, the higher your medical costs (six times higher when you compare 64-year-olds to 18-year-olds). If insurers can't charge older people according to their risk, they have to make up those costs by charging higher premiums to those younger. According to the American Action Forum, once the new health law's various rate restrictions and other provisions kick in, 27-year-old non-smoking males may see premiums rise, on average, by 189%, while 55-year-old women who smoke may see their premiums fall, on average, by 18%.
No one, presumably, would be comfortable with the idea of fleecing our children and grandchildren in order to lighten our bills. But supporters of the Affordable Care Act have taken to arguing that forcing young people to subsidize older people isn't some new consequence of the health law - all insurance, they claim, requires some people to subsidize the expenses of others. Take fire insurance. Ten thousand people might sign up to insure their homes, but only a couple of those homes may end up burning down. The premiums paid by those whose homes did not burn down go toward rebuilding the homes of those whose did.
"That's how insurance works," insists health policy analyst Aaron Carroll, who concludes that the health law's age-related rate restriction is "really not much different than how insurance is supposed to function, by transferring money from the more-healthy to the more-ill."
But by equating traditional insurance with the health law's age-related rate restriction, commentators like Carroll ignore a key component of insurance in a market absent government intrusion: the freedom to buy a policy that is priced according to your own risk - a policy that subsidizes no one.
Think about why you buy insurance in the first place - you don't do it to subsidize the expenses of others. You do it because you think that a particular policy - with the benefits it provides, the premium it calls for and the co-pays and deductibles it charges - best meets your particular risk-management needs.
It's true that the business model of insurance involves selling policies to people on the statistical premise that only a few will file claims, which will be paid for, in part, by the premiums collected from those who don't. But what an insurer does with the premiums it collects is no more relevant to me, as a consumer, than what Apple does with the $499 it collects for each iPad it sells. The purpose of my buying the insurance policy and the iPad is the same: my judgment that they will both improve my life.
Insurers know we buy insurance for that reason, which is why, absent government meddling, they offer those with lower expected health costs, such as younger individuals, lower premiums. If an insurer instead charged these individuals higher premiums in order to subsidize those older, the company would risk losing ground to competitors willing to charge young people less. Without attracting lower-risk customers, the insurer's business model would fall apart. This is why premiums on a free market tend to reflect the individual risk each policyholder adds to the risk pool.
Underneath all its bureaucratic trimmings, what the ACA's age-related rate restriction amounts to is the declaration that a 27-year-old who is starting out in life, who wants to save up for a down payment on a home, who has his eye on an engagement ring for his beloved, has no right to pursue his goals until he first pays for the health care bills of every generation that came before him. That's hardly the way to treat those on the cusp of their lives.

“animis opibusque parati”

Since: Oct 12

Location hidden

#2 Apr 26, 2013
America's young people overwhelmingly voted to re-elect Obama.
You can't fix stupid.
Wait what

Dublin, OH

#3 Apr 26, 2013
But...but...wasn't it about the free birth control? I thought free meant free!/s

“animis opibusque parati”

Since: Oct 12

Location hidden

#4 Apr 26, 2013
Additionally:

http://www.nytimes.com/2013/04/26/opinion/bro... ;

FTA:..."Under the law, young healthy people subsidize poorer, sicker and older people. But the young may decide en masse that it is completely irrational for them to get health insurance that subsidizes others while they are healthy. They’ll be better off paying the fines, if those are even enforced, and opting out. Without premiums from the young, everybody else’s costs go up even higher."....
Oliver Canterberry

New Albany, OH

#6 May 28, 2013
I heard today that premiums will increase four fold and costs with sky rocket under Obama. Obama will destroy our health care system and under his "leadership" our health care will be like that in his homeland (e.g., Kenya, Uganda, Botswana).

American health care will be Third World in 2014.
Oliver Canterberry

New Albany, OH

#7 May 28, 2013
Obamacare will destroy the medial system so that Obama can completely take over the system as Dictator in Chief.

Absolute disaster is coming in 2014.

Keep in mind that no one read the Obamacare Monstrosity Bill before they passed it so as to not be "racist".
They cannot kill a spook

Detroit, MI

#8 May 28, 2013
Oliver Canterberry wrote:
I heard today that premiums will increase four fold and costs with sky rocket under Obama. Obama will destroy our health care system and under his "leadership" our health care will be like that in his homeland (e.g., Kenya, Uganda, Botswana).
American health care will be Third World in 2014.
Maybe I will get to give free hysterectomies to the welfare moms. Just put on a big black mask with white dots around the eye holes and I will like just like Obama's peoples regular doc.

“Tenured Marxist Radical”

Since: Jan 13

Ivy League-ISIS

#9 May 28, 2013
Oliver Canterberry wrote:
I heard today that premiums will increase four fold and costs with sky rocket under Obama. Obama will destroy our health care system and under his "leadership" our health care will be like that in his homeland (e.g., Kenya, Uganda, Botswana).
American health care will be Third World in 2014.
Third World voters get Third World results
Big Johnson

Columbus, OH

#10 May 28, 2013
Oliver Canterberry wrote:
I heard today that premiums will increase four fold and costs with sky rocket under Obama. Obama will destroy our health care system and under his "leadership" our health care will be like that in his homeland (e.g., Kenya, Uganda, Botswana).
American health care will be Third World in 2014.
Maybe you should shop around for better insurance. My premiums just went down a smidge for the next year with no change in benefits.

Since: Nov 12

Location hidden

#11 May 28, 2013
-The-Artist- wrote:
<quoted text>Third World voters get Third World results
Exactly!!!!!! There are many out there that complain about the state of our nation but went out and voted him back into office just to have a history of firsts and the promise of free stuff instead of realizing all politicians lie. It's an art to figuring out which lies will be less detrimental to society versus voting for a certain party, race or religion!!

What happened to working for what you want not working for what you want and having to give it away to everyone else that doesn't think they have to work? Well the way things are now it's easier to sit back and complain and reap what someone else has sown than to go out and work hard for it. We are raising a much of whiny babies that are having more whiny babies that society has to foot the bill for. It's disgusting!!!!!!

We now raise a society of uneducated babies that breed more uneducated babies that think a hard days work is having to go collect a check for food, rent, education (if they want it) and healthcare. Why work to buy the cow when your government gives someone else's milk to you for free.

“Tenured Marxist Radical”

Since: Jan 13

Ivy League-ISIS

#12 May 28, 2013
WalkingDeadFan wrote:
<quoted text>
Exactly!!!!!! There are many out there that complain about the state of our nation but went out and voted him back into office just to have a history of firsts and the promise of free stuff instead of realizing all politicians lie. It's an art to figuring out which lies will be less detrimental to society versus voting for a certain party, race or religion!!
What happened to working for what you want not working for what you want and having to give it away to everyone else that doesn't think they have to work? Well the way things are now it's easier to sit back and complain and reap what someone else has sown than to go out and work hard for it. We are raising a much of whiny babies that are having more whiny babies that society has to foot the bill for. It's disgusting!!!!!!
We now raise a society of uneducated babies that breed more uneducated babies that think a hard days work is having to go collect a check for food, rent, education (if they want it) and healthcare. Why work to buy the cow when your government gives someone else's milk to you for free.
IMO, most of his voters actually like his policies. He's heralded as saving the economy from a second depression. The enemy is frequently personalized as eeevil old white men. The Democrats are very good at exploiting resentment against the rich, resentment against whites, and resentment against men.
Oliver Canterberry

New Albany, OH

#13 May 29, 2013
-The-Artist- wrote:
<quoted text>
IMO, most of his voters actually like his policies. He's heralded as saving the economy from a second depression. The enemy is frequently personalized as eeevil old white men. The Democrats are very good at exploiting resentment against the rich, resentment against whites, and resentment against men.
Obama has been able to unify and energize his base of ghetto Blacks, illegal immigrants, gays, government union employees and even got a majority of White women to vote against a White Male which had never happened in any civilization.

On the other hand the Republicans have been unable to energize or unify their base.

“Tenured Marxist Radical”

Since: Jan 13

Ivy League-ISIS

#14 May 29, 2013
Oliver Canterberry wrote:
<quoted text>
Obama has been able to unify and energize his base of ghetto Blacks, illegal immigrants, gays, government union employees and even got a majority of White women to vote against a White Male which had never happened in any civilization.
On the other hand the Republicans have been unable to energize or unify their base.
That is true, our base is demotivated, mainly due to Romney's arrogance and the idiot consultants.

If the establishment passes amnesty, it's passing up any chance of getting black voters ever. It will never get voters from the illegals or the native Latins.

The 19th Amendment was a mistake, in fact most of the Progressive era amendments were (16-19).
Oliver Canterberry

New Albany, OH

#15 May 29, 2013
-The-Artist- wrote:
<quoted text>
That is true, our base is demotivated, mainly due to Romney's arrogance and the idiot consultants.
If the establishment passes amnesty, it's passing up any chance of getting black voters ever. It will never get voters from the illegals or the native Latins.
The 19th Amendment was a mistake, in fact most of the Progressive era amendments were (16-19).
College curriculum is fleecing the young (e.g., Black Studies, Hispanic or Chicano studies, Gay studies) by demonizing Europeans.

These courses invoke White Guilt which paralyzes the young and transfers power to the various victim groups.

“Tenured Marxist Radical”

Since: Jan 13

Ivy League-ISIS

#16 May 29, 2013
Oliver Canterberry wrote:
<quoted text>
College curriculum is fleecing the young (e.g., Black Studies, Hispanic or Chicano studies, Gay studies) by demonizing Europeans.
These courses invoke White Guilt which paralyzes the young and transfers power to the various victim groups.
The state universities need to be purged.

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