Effort to Assist Older Voters May Raise Costs for the Young

[RightinNYC]

Effort to Assist Older Voters May Raise Costs for the Young - WSJ.com

A provision in the House health-care bill sets up a stark choice for Democrats between the interests of younger voters and older ones.

The bill would limit how much insurers can vary premiums based on the age of the person buying the policy. The narrower the range, the lower the premiums for older people, a help to those who currently pay some of the highest rates for insurance and often need coverage the most. But such a limitation tends to raise premiums for younger folks, who are sometimes reluctant to buy coverage.

In the House bill, the ratio can only be as much as 2 to 1, meaning older people could pay no more than twice what the youngest customers are charged. Senate Democrats, who haven't yet unveiled the bill that will go to the floor there, will have to decide whether to echo the House's ratio or use a different one. Lobbyists say one possibility might be 3 to 1, the average of two earlier Senate bills. Currently, the range isn't capped in most states and older people may pay five or six times as much.

Once again, the young are getting ****ed by the elderly and their insatiable desire for additional intergenerational wealth transfers. I get to pay a disproportionate share of my income towards health insurance during my younger years, and then by the time I'm old enough to finally start enjoying the benefits of this idiocy, SS and Medicare will have been sucked dry. Awesome.

 

[Arch Enemy]

Awwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

 

[Cold Highway]

Once again, the young are getting ****ed by the elderly and their insatiable desire for additional intergenerational wealth transfers. I get to pay a disproportionate share of my income towards health insurance during my younger years, and then by the time I'm old enough to finally start enjoying the benefits of this idiocy, SS and Medicare will have been sucked dry. Awesome.

You think SS will be there for when our generation retires? LOL!

 

[Councilman]

What i don't understand is why are Democrats, Republicans, Independents, Libertarians, are all not screaming that none of this Bill makes any sense because the initial argument was to insure those who have no coverage and to reduce the sky rocketing costs. I hear just about going on no one saying anything that makes one iota of sense and would lead to a real solution and not cost an arm and a leg.
I spent more than twenty years in business management and I assure you that I can come up with a plan to accomplish these initial goals and do it at a cost of less than 1/10th the cost of this monstrosity, and so could anyone who has been successful at running a business of any larger size. It's not rocket science, it's logic and makes economic sense to directly address the issues and keep the peripheral BS out of the discussion.
Here we are talking about spreading the enormous cost when we should be talking about just reducing the cost, and to do that you have to scrap this whole Socialist approach and look at it with fresh non political eyes and do the damn job.

 

[Albert Di Salvo]

The young are clueless. My generation will have no mercy on them. Why, because we're busy having fun. We need someone to pay for our beer and pizza parties. Since the young won't resist, why should they not pay for the party? Works for me and 77,000,000 of my friends.

Sarcasm off. I hold my head in shame for what we have done to this wonderful country.

 

[RightinNYC]

You think SS will be there for when our generation retires? LOL!

?

I meant to say the opposite of that.