Roger Simon has a piece at PJ Media pointing out the fatal flaw in Obamacare. It’s a lousy financial deal for the very people who must buy into it if it is to survive. Why wouldn’t a healthy young person with a moderate income decide to pay the 1% income tax rather than buy a sucker bet insurance policy?
With only a small penalty for abstaining, the numbers for signing up not only don’t add up — they’re absurd. Here’s one of the supposedly attractive deals: “One option available only to people under 30 is a so-called catastrophic policy that kicks in after a $6,350 annual deductible. In Monroe County, you can buy that policy on the New York State of Health exchange for as low as $131 a month for single coverage.”
$1500 bucks for a $6,000+ deductible policy or a few hundred bucks more in income tax? Is that a trick question?
Let it burn.