Wednesday, September 16, 2009

Hey, Congressperson: how's about a generational war?

The health-care reform bills under consideration in the House and Senate envision forcing healthy young people to buy insurance policies and pay premium rates much higher than the fair value of the insurance so that older and less healthy people can get a huge discount (via mandated “community rating”) below the fair value of their policies. Around 9,000,000 Americans have chosen not to own health insurance and have incomes above the proposed subsidy level; they will suddenly be forced to pay some $6,000 per year for over-priced health insurance that they don’t want! And tens of millions of Americans who now have individual policies will suddenly experience huge premium increases of around $4,000 per year! As you are very aware, we senior citizens of America are terrified at how we will be affected by the proposed health-care reforms. Evidently the younger people have not yet realized what the legislation will do to crater their personal budgets. Will you support health-care reform legislation that will create a personal financial crisis for 30,000,000 or more younger Americans? If you do, do you suppose they will vote to reelect you?

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