Tuesday, October 27, 2009

Tammy Baldwin's Voodoo Economics

Tammy has the solution! Only 25 years ago, it was called "Voodoo Economics." Now it's LeftOWacky mainstream theory.

Critics say some young people may end up paying more for insurance if lawmakers do away with the ability of insurers to charge much higher rates for older adults, who tend to use more health care dollars. In some states, insurers charge older people as much as 11 times more than young adults.

Democrats want to reduce the disparity to a 4:1 or 2:1 ratio, meaning that older people would still pay twice or four times as much as younger adults, even though experts agree that older adults can have five to six times the health care costs.

Not a problem, folks. Tammy to the rescue!! (Yes, you have to scroll to the bottom of the story.)

Rep. Tammy Baldwin, a Madison Democrat, said government subsidies will keep costs down for young Americans: "I don't think a mandate will survive if it isn't affordable for people."

Right-O, Tammy!! First you subsidize the cost for old folks from 6:1 to about 2:1. THEN you subsidize the cost for the young folks who will pay the bill.

No problem, right?

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