Posted on 09/15/2015 7:48:17 AM PDT by SeekAndFind
A sluggish economy has kept young Americans unemployed and underemployed as our nation's high school and college graduates find they have inadequate skills for a dynamic and increasingly global economy.
And it's no secret that the enrollment rate for ObamaCare has been disappointing: Of a projected 35 million enrollees, only 16.2 million have actually enrolled.
The White House knows the president's health spending law is untenable unless 40% of the enrollees are between the ages of 18 and 34, because this age group is significantly healthier than all other age groups. This age group now comprises a mere 24%, meaning the Affordable Care Act is increasingly making the nation's health care increasingly "unaffordable."
More and more, it seems President Obama and congressional Democrats are hinging the viability of ObamaCare on the unemployable subsidizing the uninsurable.
It would appear that the president and his advisors don't actually understand what insurance is and how it actually works.
Because nobody knows if they're going to get sick over the course of the next month, nobody truly knows how much they will have to pay for health care over the next month. If we buy insurance that fully covers our health care, though, we will know exactly how much money we will spend each and every month.
Insurance premiums are collected by the insurance companies in the form of a monthly bill, and that money is then pooled to form a sort of savings account that the people buying insurance can withdraw money from.
(Excerpt) Read more at news.investors.com ...
Its weakness is it is a POS and will not work.
The working young are already paying for Social Security and Medicare. Our economy is unsustainable.
I believe the death spiral was not only expected, but actually part of the plan. When insurance becomes unaffordable for all but the top 1%, the expectation is that people will clamor for single payer.
We have become a nation of parasites and thieves. Cannot end well.
This will turn out to be a bigger albatross than social security.
.... Something tells me ... we are about to see the implementation of something resembling Affirmative Action for young people.
No group ever had to do that before.
[”No group ever had to do that before.”]
The population is aging. There is high unemployment and underemployment, as stated in the article. So there are fewer working young. As the population continues to age out of the workforce, this model will continue and, in fact, increase. It is unsustainable.
It is a glaring weakness that the young can stay on their parents’ health care until age 29. It is a glaring weakness the many of those who have signed up are on Medicaid and thus not contributing anyway. Were many of the young to sign up, they would pay nothing so it is an irrelevant statistic to the program how many there are.
It was never supposed to work. It was meticulously designed to fail spectacularly.
Total control (”single payer”) is the only goal. It’s always been the only goal.
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