Wednesday, October 02, 2013

Obama care is a bad deal for the people upon whom the program depends

Will the 'Young Invincibles' Join Obamacare? - Bloomberg: "So here’s the question: Are enough of those relatively affluent young invincibles going to pay $150 or more a month for insurance rather than pay their ordinary expenses out of pocket and hope they don’t have a medical bill that drives them into bankruptcy? They aren’t doing so now, and Obamacare is probably a slightly worse deal for them financially than the insurance they’re not buying. Young invincibles seem to think that insurance should cost less than their mobile-phone contract and substantially less than their car payment."

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