It is this kind of “reporting” by Joanne Kenen at Politico that makes me wonder if “journalists” are in the tank for Obama or just so stupid that they take everything at face value.
Reporting on the latest effort to coerce young, healthy people to buy health services that they don’t need and are unlikely to use, she writes:
Getting a critical mass of younger and healthier people to sign up along with older and sicker ones is critical to making the insurance markets work. The White House wants 7 million people enrolled in the exchanges by March, 2.7 million of them young adults.
Other than the sentence “I’ll call you”, the bolded text is the biggest lie following getting screwed that has ever existed.
Insurance is a risk management tool defined as: a contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards. Since insurance operates through pooling resources, the majority of insurance policies are provided for individual members of large classes, allowing insurers to benefit from the law of large numbers in which predicted losses are similar to the actual losses.
And how do we define classes?
They are large pools of people who share common risks. For example, it makes no sense for a person who owns a house on the side of a mountain in Colorado to buy flood insurance, where someone living in New Orleans would need it – because they don’t share the same risk.
From a health perspective, what do old folks and young folks have in common?
Very damn little…not enough to call them a class.
The young are being forced to buy plumped up insurance policies with features that they will pay for but rarely, if ever, use – so Obamacare is nothing but asset transfer from one class to the next, from a class of people just starting to climb the economic ladder to folks quite a few rungs higher. It is the same as forcing the person in Colorado to buy flood insurance that they will never use to pay for the flood damage in New Orleans.
It is not “insurance” and when journalists call it that, they are displaying a high concentration of dumbass.
The fact that the under 30 set is going for this without coming unglued is too.