On Wednesday, Kaiser Health News reporter Carmen Heredia Rodriguez spent 1,992 words attempting to explain why younger Americans aren't buying health insurance.
I only need 12 words:
Obamacare has made healthcare too expensive and too inflexible for young people.
That's really all you need to know, but if you want to know how that's the case, here are 395 more words:
The key problem takes root in Obamacare's creation of an artificial price-premium on younger, healthier Americans. Obamacare imposed a 3:1 price ratio, which meant older Americans could only be charged three times the insurance premium of younger Americans. The problem with this regulation is that it has forced younger Americans to pay absurd premiums to unjustly subsidize their elders. And be under no illusions, this state of affairs is morally unjust.
It's not just that older Americans have higher earnings and the potential to have saved more for their health needs, it's that older Americans are about to get a great health deal anyway. Consider, for example, that the average Medicare recipient now receives three times more in lifetime out-payments from the government than what they paid into the program. Why shouldn't near-Medicare age Americans be forced to pay a more proportionate cost for their healthcare?
Making matters worse, younger Americans are never going to get those same Medicare benefits our parents are receiving. Oh no, we'll be paying off the extraordinary national debt.
But if you're still not convinced why younger Americans are fed up with Obamacare, ask a young person what they are paying for their 2018 health plan and what they're getting out of it. While I'm lucky enough to have a company healthcare plan (these plans should be taxed, but that's another issue), I looked at the available 2018 individual marketplace plans in my area. The cheapest option required a $351/month premium with a $5,500 deductible.
Think about that: $4,212 a year for a plan that would require me to spend another $5,500 before getting cost-offset coverage. It's a joke. If I needed to buy my own health insurance for 2018, I would pay the Obamacare individual mandate's 2.5 percent fine instead, saving me thousands of dollars.
Ultimately, this speaks to Obamacare's central failing: its reinforcement of healthcare inefficiencies rather than redressing actions. From special interest cronyism to inefficient health service delivery, the law is a product of bad policymaking and short-term populism. And from the left, that populist consideration will only get worse in the years ahead.
Carmen Heredia Rodriguez might have wanted to mention these things.