ObamaCare is structured to force younger healthy workers to pay for older, sicker Americans. The old will sign up. Those with existing conditions will sign up. But younger workers may decide to skip it, pay a small tax, and live with no coverage.
Rates on younger workers are likely to triple.
Millions of Americans will be working fewer hours, as businesses re-define them as part-time workers. This way, businesses will escape the tax for not providing health insurance. Younger workers will be even less able to afford coverage.
This is a massive wealth-redistribution program from the young to the old. It is like Medicare and Social Security.
Millions of younger voters are going to figure this out by the November 2014 elections. They are going to see that they are the poor saps who are expected to pay for all this. This is a huge swing vote.
The House has drawn a line in the sand on ObamaCare — a line that nobody expects them to stick to for more than a couple of weeks. But once ObamaCare is acknowledged as being the law of the land, the public will find out if it works. If the money from younger workers is not there to cover its costs, then what? Can Obama go back to Boehner and re-negotiate the law? That is not politically possible.
The battle over the budget and ObamaCare is for public show. Boehner gets to play pretend hardball for a while before finding some way to disengage. He makes a statement to the anti-ObamaCare House members: “I gave it my best shot.” The members will tell the folks back home the same.
Then it will be Obama’s turn. Red ink in the program will appear early. If it cannot cover costs, which is likely, what will Obama do? The Republicans can watch him twist, slowly, slowly in the wind.
The program is so fouled up in terms of programming that no one knows if there will be enough takers to fund it. We will not know until next year — an election year.
The House Republicans have drawn a line in the sand. That will be their rallying cry in next year’s elections: “We told you so.” Then we will see. Will the Senate go Republican, or will the House go Democrat?
Both sides have drawn lines in the sand. The voters will decide whose line will be washed away in November 2014.