SAYING NO TO OBAMACARE Republicans are not having much success luring Hispanics to the party of "family values", but young people are quite receptive to joining the fight against Obamacare by going without health insurance. As the article point out: "And whether they are slackers, students, or software engineers, young people are smart enough to figure out that they can easily wait to sign up for coverage until after they get sick. Obamacare requires every insurance company to take anyone on as a customer regardless of any pre-existing conditions." and further, "If young people boycott Obamacare, the law of adverse selection kicks in. Too few young people in an insurance pool means fewer healthy people to subsidize the sicker people. Costs and premiums will rise more than expected, which will lead to fewer young people signing up and costs going up even more. In insurance jargon, it’s called a death spiral." By keeping young people uninsured and in the emergency rooms for "free care", Republicans think they can sabotage Obamacare sending into a "death spiral" of rising costs -- raising the health care costs of all Americans insured as well as uninsured, until the public revolts against the "socialist" idea of health care for all.
Posted on: Sun, 28 Jul 2013 11:58:59 +0000
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