One more battle in the war on the young: health insurance premiums

by Ryan Streeter on August 7, 2013. Follow Ryan on Twitter.

I have on multiple occasions referred friends and colleagues to Yuval Levin’s Weekly Standard article from a couple years ago entitled “The War on the Young,” in which he describes how federal entitlement and health care policy is designed to tax a generally poorer group (young people) to pay for benefits for a generally more affluent group (older people).

He describes the new health care law as:

a massive transfer of wealth from people at the beginning of their working lives to (generally much wealthier) people toward the end of their working lives. Beyond the sheer cost of its new system of subsidies, the law strictly limits the difference between insurance premiums paid by 18-year-olds and those paid by 64-year-olds—despite enormous differences in health care costs between the young and the old. It therefore makes health insurance far more expensive for younger people while compelling them to buy it. It is also slated to increase overall national health care spending, which will of course be borne by today’s young taxpayers in the coming decades.

I thought of this passage when I saw this graph this morning at Investors.com:

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