College Republicans: Speaker on Obamacare Tomorrow Night
The title of his speech is “Confused About Healthcare?”
He’s particularly likely to stress that the program victimizes the young by systematically redistributing income from young and healthy people to older, less healthy people. Under Obama’s program, young people pay much more than they should, based on the actuarial risk they present to insurance companies, so that older people can have lower premiums.
This kind of redistribution is perverse, since young people typically have much lower incomes than older people. The young, after all, or likely to be in entry level jobs, maybe unemployed in the Obama economy, may have large student loans to pay off, and have not had time to build up the assets that older people have.
It’s an odd form of socialism that redistributes income from people with less income to people with more.
Even late night comedians have noticed the irony.