Ed Morrissey:
Perhaps it takes retirement for Democrats to be honest about the status of ObamaCare, and about its unsustainable structure. Rep. Jim Moran (D-VA), who recently announced his retirement from the House, told American University Radio last week that the dearth of enrollments from young, healthy Americans in ObamaCare would “unravel” the whole system — and that furthermore, they’d be right to avoid it:
[youtube]http://youtu.be/eRQwn7Z_Boo[/youtube]
“I’m afraid that the millennials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations,” Moran says. “But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially.”
If Moran’s prediction is correct, the whole law could unravel. He says there just isn’t enough incentive for healthy young people to sign up for insurance.
“And, frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young,” Moran says.
Yes, frankly, there has always been substantial legitimacy to their concerns. The law requires young and healthy consumers to buy expensive comprehensive insurance for thousands of dollars a year, far exceeding their likely expenditures on health-related services and products. It then imposes ridiculous deductibles which all but guarantee that they won’t see any benefit at all from those policies. That money will instead benefit older Americans by subsidizing their premiums. It’s one of the most perverse wealth transfers of all time.
Captain obvious Jimmy boy.