Tuesday, July 2, 2013

The Great Obamacare Intergenerational Swindle

By Bill Frezza

In the sci-fi thriller The Hunger Games, a group of young people are made to compete against each other in a fight for survival. Post-Constitutional America is approaching that scenario—but the victims seem not to have realized it yet.

The intergenerational con game whereby Baby Boomers stick the Millennial Generation with trillions in debt through our gorging on entitlements is about to face its greatest challenge. Will we be able to talk healthy young Americans into buying medical insurance that costs seven times what it would in a free market in order to subsidize our increasingly expensive health care? Or will we have to sic IRS enforcers on them for selfishly taking advantage of the law’s pre-existing condition protections to get care at someone else’s expense in case of serious illness?

It’s a tough sell, but take heart, fellow Boomers. We’ve been preparing our children for community servitude for years. Why else did we feed them a steady diet of social consciousness, while preaching that it takes a village from the day we dumped them in daycare? Now, it’s time for them to pay up.

The math is crucial to maintain the pretense that Obamacare is economically sustainable. There’s no room for error. If the budget projections’ cross-subsidy assumptions are not borne out and Congress then reaches into taxpayers’ pockets to make up the difference, those Tea Party zealots might just tar and feather the Congressmen we’ve so worked hard to buy. Before you know it, oldsters without the means to hire concierge doctors or fly to India for specialty medical procedures will have to wait as long as Canadians for MRIs and hip replacements.

Millennials elected Obama twice on a platform of getting other people to pay their fair share. They buried themselves in college loan debt, believing us when we said that four years of partying their way to a liberal arts degree would open the doors to successful careers. But now, in the midst of the worst economy since Jimmy ‘Malaise’ Carter’s administration, they are struggling to find jobs—any jobs—while already paying top dollar to support bankrupt Social Security, Medicare, and Medicaid programs, the benefits of which they will never receive.

Read the rest here.

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