Wednesday, November 28, 2012

Young workers being robbed

Young adults are being robbed but, apparently, they aren't smart enough to understand it or they wouldn't have voted for Obama again.

Medical insurance companies set rates based on risk.  I once wrote policies on young males that had only a hundred dollar deductible and cost only 35 dollars a month.  Young men  between 18 and 35 seldom need a doctor or hospitalization, but check  out rates and coverages now. And it is going to be worse under Obamacare as rates will be set to subsidize elderly so their rates will be lower.

Frankly, as one of the elderly, I am fed up with what amounts to punishment of the young who are employed. Of course. we know  of many healthy young men and women who  choose not to work, choosing to be one of the  "takers" instead of the producers.  All workers contribute payroll taxes to support retired and disabled through social security,  We elders paid into social security our working lives and feel justified in receiving social security and medicare benefits.  The difference now is that workers pay but face a future with no guarantee of ever getting benefits.

No, I do not have an instant miraculous solution, but I wish  our political leaders would have the courage to admit the problem and try to alleviate it if a solution is unlikely.

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