Saturday, July 11, 2015
Wall Street Journal "whines" about Obama's "Unaffordable Care Act"
The Wall Street Journal, in a weekend editorial, whined about “The Unaffordable Care Act”, link here. It’s not new that premiums are spiking, because now the healthier people have to take care of the sicker people.
A couple of reactions. If you’re young and healthy and don’t spend money on doctors, be thankful. Count your blessings. There will be issues, though: childless and single people paying premiums for other couples’ pregnancies. But anyone can be in an accident, and anyone can be a crime victim. And anyone can get an unusual cancer.
The other side of this, of course, is that Americans do spend way too much on unnecessary treatments and tests. Health is sometimes a matter of momentum.
When I was “working” I tended to pay much less out-of-pocket in employer plans as a single person than those with families, usually about 30% of what family coverage would cost. Some employers (Univac, and later RMA) actually seemed to scale employee contributions to salary or wages.