Changing The Rules In The Middle Of The Game
Aurthur Franke. Comments on an exposition of community rating by Uwe Reinhardt in today's Economix:
I don't have a problem with healthy people subsidizing unhealthy people in general. That is essentially the definition of insurance. I do have a problem with predictably healthy groups like the young being compelled to subsidize predictably unhealthy groups like the baby boomers. That is not insurance. It is a subsidy akin to welfare.Which is just larded with delightful stereotypes. Those evil Boomers. So unlike their noble and upstanding parents of the Greatest Generation.
I am 54 and I believe it is poor public policy to have my children be unable to buy a house or send their kids to college because they are compelled to provide subsidies to my overweight, sedentary peers. As a demographically wealthy group, the baby boomers really need to suck it up and pay for their own Viagra.
Which also completely missed a serious and important point. Almost all Boomers have had employer sponsored group health insurance for most of their lives. All Boomers have paid into Medicare.
For the past forty or so years young healthy Boomers have been paying for the health care of their predictably less healthy elders. Wonks Anonymous was conscious of this and did not take it badly since he knew that he would become predictably less healthy as he got older. He figured that it would even up.
So we have now come up with the brilliant idea that everybody should be on their own because the Greatest Generation has already gotten theirs and the youth of American are our future and deserve a break.
Too bad you guys got suckered in to paying for all that health care for others but we just can't afford to pay for you.



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