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Redistribution Via Price Discrimination

Wednesday, June 29, 2011 21:44
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http://spectator.org/archives/2011/06/28/redistribution-via-price-discr#

American Specator — 6/28/2011

. . . since the actuarial nature of insurance and the realities of long-term cost management cannot be ignored, the effect is that those with above-average incomes will be subjected to inflated premiums relative to costs.”
In other words, Obamacare is just another way for President Obama to achieve his goal of redistributing income and wealth.

In short, for the same medical coverage, some households will have to pay a percentage of their gross incomes that’s more than three times what households with lower incomes will have to pay.   Ineligible for any subsidy, households with incomes higher than four times the federal poverty level will have to pay whatever price the government dictates.

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