Obamacare By Another Name
Charles Krauthammer: Obamacare is dead, but “reform” isn’t. “In the end, Obama will have to settle for something very modest. And indeed it will be health-insurance reform…no policy cancellations, no preexisting condition requirements, perhaps even a cap on out-of-pocket expenses.”
Uh-oh.
“But wouldn’t this bankrupt the insurance companies? Of course it would. There will be only one way to make this work: Impose an individual mandate. Force the 18 million Americans between 18 and 34 who (often quite rationally) forgo health insurance to buy it. This will create a huge new pool of customers who rarely get sick but will be paying premiums every month. And those premiums will subsidize nirvana health insurance for older folks.”
Great. The Social Security racket extended to the private sector.
