Private Health Care Systems Subsidize the Older Folk

My wife and I are old and grey, well one of is, me. We are both retired and receive Social Security and Medicare benefits. This appears to be a great evil to some in our society. We are just lazy folk living off the hard work of others such as our children and grandchildren. Of course, if we didn’t have these benefits we might be doing that anyway. Never mind the fact that we paid for these benefits over our lifetimes.

But those who still see evil in the dreaded “Obamacare” that young folk will get shafted by this program have to pay for older deadbeats with more need of medical coverage. I mean they have it hard enough paying off the college debts because we don’t subsidize higher education to the extent we used to. So, they doomsday folk say these young people won’t pay what they are supposed to under Obamacare because the penalty will be cheaper than the cost.

Au contraire ma soeur, that is not the case. The argument is spurious (false, or just a damn lie) because those most of those from age 19 to 34 get their health care from their employer. They pay the same premiums as those who are older than themselves and need more healthcare. So, dear youth, despite what the naysayers tell you, you are already subsidizing older folk; that is what private health care systems do. Thus you 20 million young folk, Obamacare doesn’t change a thing, you will still have to subsidize older folk. Don’t worry, in a few years you will get subsidized whether you use Obamacare or not.

The President hopes that about 2.7 million of the young will purchase coverage in the new agencies. The 20 million getting health care from their employers therefore that subsidy is about 8 times more than the bad old Obamacare. Huh? Weren’t you paying attention?

Now folk in most countries seem to understand this very well. Private or public health care systems work the same; the young subsidize the older folk. If the doomsday folk were honest about all this you’d know that, but they use a lot of smoke and mirrors to try and scare you.

Remember Obamacare used to be called Romneycare, then the naysayers we’re backing a different horse.