49-State Analysis: Obamacare To Increase Individual-Market Premiums By Average Of 41% - Forbes: Avik Roy details results of the Manhattan Institute study of Obama care premiums in all 50 states. The results have to be calculated on a state by state by state basis since the rules for insurance vary so greatly among states. They report the differences in premiums pre- and post-Affordable Care Act and then add in the effect of the subsides.
It is hard to sum things up by a single number since the prices vary so much by gender, age and, under Obamacare, income. Winners--women and old people. Losers--the young and the male. The headline applies to a 27 year old male receiving the median level of subsidy who, after the subsidy is applied, will pay 41% more insurance.
But the largest transfer of wealth is from the young to the old. Like our social insurance programs they are a massive transfer of money out of the pockets of the young into to those of the old. The irony is that young people are Obama's base of support while old people are the demographic that is least supportive of the President. Whether this is a testament to the young's public spiritedness or their gullibility is a matter of perspective. As one of those old people who will benefit from the triumph of "hope and change" allow me to say thanks--suckers!
There are many things one could say about this
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