Thursday, September 24, 2009

Intergenerational Inequality and Healthcare

Saw a point somewhere the other day that I thought was worth mentioning. Wish I could remember where so I can assign proper credit, but the point still stands.

One of the more interesting components of the mandatory insurance rule is that it creates tremendous intergenerational inequality. Young people who choose not to purchase healthcare now have to purchase it, which means they're subsidizing older, sicker people. At the rate of fiscal irresponsibility that we now face, it's a safe likelihood that current adults are already setting up younger people (our generation) for a major fall - in other words, we're going to have to pay for the excesses of our parents.

It's exceedingly unlikely that a big government program like this is going to be affordable when young people get to the point where they need the healthcare. In other words, young people have to pay for older people when nobody will be paying for them later on.



No comments:

Post a Comment