In a rare moment of clarity in the Obamacare debate Gormer President Bill Clinton bluntly admitted that PPACA (Obamacare) requires the young to subsidize the elderly.
“I think it’s important for you to tell the people why we’re doing all this outreach,” Clinton said to Obama. “Because this only works, for example, if young people show up…We’ve got to have them in the pools because otherwise these projected low costs cannot be held if older people with preexisting conditions are disproportionately represented in any given state.”
Of course persuading the young and healthy to join is necessary to avoid the problem of adverse selection. But when you have a generation that’s having such a hard time getting decent jobs, it does seem a bit unfair to make them subsidize the wealthiest generation in American history. But since so many of them are struggling to find jobs with decent benefits, I suspect they’ll largely be willing to make the trade off, and the GOP’s arguments that Obamacare hurts Americans may just be one more action that drives a wedge between Republicans and young people.