Monday, December 23, 2013

The Obamacare Generation | RealClearPolitics


Among these unanswered questions, the most disturbing pertains to the demand that millions of so-called millennials under 30 must purchase health insurance -- estimated at about $1,700 a year -- that they will hardly use. Their premiums supposedly will subsidize older, in-need Americans who cannot pay the full costs of coverage that they will draw on frequently.
We forget that young people are already targeted for a number of government redistribution plans. Of America's age cohorts, the under-30 bunch is the least likely to be employed, and the most likely to work at low-wage or part-time jobs.
Millennials already pay high payroll taxes for Social Security and Medicare coverage for the elderly. Yet most economists predict that both programs will soon prove insolvent and will not be able to extend the present level of benefits to young contributors when they retire.
Read more: http://www.realclearpolitics.com/articles/2013/12/19/the_obamacare_generation_121007.html#ixzz2oDVQCLze 

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