Ben Smith claims that the president is preparing to “screw his base”:
Imminent elements of Obama’s grandest policy move, the health-care overhaul known as ObamaCare, are calculated to screw his most passionate supporters and to transfer wealth to his worst enemies. The passionate supporters are the youth, who voted for him by a margin of 60% to 36%, according to exit poll samples of people 29 and under. His enemies are the elderly: Mitt Romney won 56% of the votes from people 65 and over.
Universal health-care systems in general, and Obamacare in particular, move money from the rich to the poor. The program fully subsidizes insurance for anyone making less than 133 percent of the poverty line and partially subsidizes it up until about 300 percent of the poverty line. On the other side, Obamacare pays for itself in part by taxing the rich. Both parts of the bill effectively redistribute from older Americans to younger ones.
Tod Kelly piles on:
People who don’t get in auto accidents pay disproportionate premium-to-claim ratio when compared to those that do have accidents; the same is true of homeowners whose houses don’t burn down. You want to “screw” others in the insurance subsidization game? Start smoking in bed and leave your stove on when you go to work.