First off, the reality of the so-called “Affordable Care Act” being a Charlie Fox of epic proportions is not new. This was clearly evident from the beginning. I posted a detailed lists of problems back July, 2009. In early 2011, I listed over 20 new taxes created by Obamacare.
The shock that young people, who voted for our Dear Leader in droves, are experiencing with their old policies being canceled, being replaced by much more expensive ones, is not new news. I posted about it back in September 2009.
The real reason Obama insists upon making the young and healthy buy insurance they don’t want is not the relatively minor free rider problem but the potentially ruinous adverse selection problem: The most expensive patients are the ones who are most likely to sign up for coverage. To keep the official 10-year price tag of his plan below that magical $1 trillion threshold, he needs to balance sick people who rack up big bills with healthy people who pay for insurance but don’t use it. Instead of acknowledging this reality, Obama portrays the healthy uninsured as irresponsible leeches.
Yup, here is a dose of reality for all those idealistic young folks who voted for Obama without a real clue of what he was actually planning, he just views you as a money source he can leech off to support his socialist policies.
Welcome to the farm, Coppertop.