Sunday’s passage of President Obama’s bill to socialize America’s health care system was in words of one prominent conservative columnist, “yet another blow to freedom in America inflicted by the Obama administration.” It is a logistical nightmare that adds to our already unsustainable national debt. With its individual mandates it seeks to undermine our tradition of individualism and distorts the meaning of “natural rights.” ObamaCare is clearly the largest expansion of entitlements since the enactment of Medicare and Medicaid more than four decades ago. It is a sorry step towards a European-style vision of universal health care, which will only lead to soaring costs, higher taxes, and a surge in red tape for small businesses.
With the majority of American opposing this legislation, President Obama’s government takeover of the health care system is wrong for America. Moreover, It is not real reform, as it does not address why health care is so expensive. In a recent conversation I had with Dr. Jason Fodeman, a former health policy fellow at The Heritage Foundation, he described the above as, throwing a trillion dollars at the health care system “without fundamentally reforming the reason for rising health care costs is like trying to put out a fire with gasoline.” He also explained to me that further expanding the role of government in the health care sector will only serve to accelerate current trends. It will drown an industry already regulated to death with a slew of new mandates, regulations, red tape, and taxes that simultaneously will hinder patients from receiving desired care.
Current students and other young people need to realize that this legislation is bad news for them. It is ushering in new record levels of debt which when added to the deficit will during our lifetimes reach critical mass causing our taxes to soar, high inflation, or both. The bill will also impose price controls on health insurance that will limit insurers’ ability to offer lower premiums to low-risk enrollees. These provisions will drive premiums down for 55-year-olds but will drive them up for 25-year-olds—who are then implicitly subsidizing older adults. According to the Urban Institute, many young people could see their premiums double, whereas
premiums for older adults could be cut in half. The unfortunate irony is that Barack Obama won the presidency with 66 percent of the vote among adults aged 18 to 29. That’s a larger share than any presidential candidate has won in decades. Yet his health care
overhaul could impose its greatest burdens on young adults.
Sam K. Theodosopoulous is the Editor-at-Large of the George Washington Unvierstiy chapter of Young America’s Foundation Blog