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