It might be, but most so for the following reasons rather than for any you give.
(1) Premium costs are little if any lower with the bill than without it, so the incentive to buy in at several times the penalty for not buying in will for many be absent.
(2) The system is wide open for being gamed by people who do not buy in until they get sick.
If enough people opt for the penalty and for playing the game then there could be a real train wreck.
First, it's an infringement on personal liberty...always contentious in a freedom loving society.
It is an infringement necessary to keep the public and the medical industry from having to foot the bill for uninsured expenses. The same general principle applies to mandatory auto liability insurance.
Second, it raises taxes....stupidly.
Taxes should never have been reduced by that silly little prick GW Bush, and they should have been raised again as soon as we went to war in 2001. We have needed a tax increase ever since, over and above anything ACA does.
How is making medical equipment more expensive going to reduce costs?
I also have doubts about the wisdom of this. It is not worth throwing the entire bill out for, though.
Third, it's a bit senseless...the ponzi scheme
It is not ponzi because the customers do not buy in for profit, but to avoid having to pay for a loss out of their own pockets.
requires young healthy subscribers to keep it afloat,
The viability of ALL insurance relies upon income from people who do not have to make a claim for loss, didn't you know that? Among health insurance policyholders those are necessarily going to be younger in average age, and they will pay significantly lower rates. The opposite is true in auto insurance, where young policyholders produce a higher rate of claims and consequently pay higher premiums.
but makes it possible to remain on mommy and daddy's plan until 26.
I also have doubts about the wisdom of this. It is not worth throwing the entire bill out for, though.
Last, it really does nothing of value except benefit health insurers....and if anyone deserves a break here, it ain't them.
That is ridiculous. The presently uninsurable obtain a product of essentially unlimited value.