It’s actually a trillion-dollar question: Will enough young people sign up?
There’s another self-inflicted wound that could prove fatal. Since the ACA allows young people to stay on their parents’ health plans until they turn 26, the law dramatically shrinks the pool of healthy young customers whose overpayments on insurance are supposed to subsidize the middle aged beneficiaries of the law.
…All told, we wonder if Nancy Pelosi, Harry Reid and President Obama are as happy today about Obamacare as they were on the day the law was passed. Beyond that, everything that has happened since passage has confirmed our view that far from solving the problems facing American health care, this poorly drafted, poorly executed system makes the problem of health care reform both more urgent and more difficult.
One of the myriad idiocies about the law is that they let people stay on their parents’ plans until they’re twenty six. Why did these morons imagine that those people that they needed to sign up for their own insurance would do so? It was just part of an incoherent grab bag of goodies they stuffed into the bill to try to sell it to low-infos.
[Update a while later]
Don’t worry, GOP. ObamaCare will defund itself:
With only a small penalty for abstaining, the numbers for signing up not only don’t add up — they’re absurd. Here’s one of the supposedly attractive deals: “One option available only to people under 30 is a so-called catastrophic policy that kicks in after a $6,350 annual deductible. In Monroe County, you can buy that policy on the New York State of Health exchange for as low as $131 a month for single coverage.”
Over fifteen hundred a year for a sixty-three hundred plus deductible? What healthy thirty year old would waste his or her money?
Who invented this plan? Certainly not Obama or Pelosi, neither of whom was paying close attention, I would bet. (Pelosi admitted she wasn’t. All Obama wanted was something to put his name next to, something that sounded vaguely “progressive.”)
Neither Obama or Pelosi is smart enough to even understand the problem.