Rhyme Of The Day

Various meanderings with a rhyme in there somewhere.

Monday, November 23, 2009

Robbing Young Peter To Pay Old Paul

Economist Robert Samuelson spells out the inter-generational wealth redistribution involved in the House version of the Health Reform Bill:
Now comes the House-passed health-care "reform" bill that, amazingly, would extract more subsidies from the young. It mandates that health insurance premiums for older Americans be no more than twice the level of that for younger Americans. That's much less than the actual health spending gap between young and old. Spending for those age 60 to 64 is four to five times greater than those 18 to 24. So, the young would overpay for insurance that -- under the House bill -- people must buy: Twenty- and thirtysomethings would subsidize premiums for fifty-and sixtysomethings.
As a 50-something, I'd like to add:
THIS IS BAD!

Why should the young and healthy
pay for the old and wealthy?
John Enright at 11:00 PM

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