Making someone else pay

The real winners in Obamacare aren't the elderly. They're already covered, though Baucus' plan cuts Medicare massively. It is, rather, the pre-retirement demographic, not old enough for Medicare, insured but worried, and costly to cover.

Such people usually are in their peak earning years. They've had time to save up, pay off the mortgage. They are typically far better off than the young who will subsidize them. Yet Congress would transfer huge sums from low-wealth twentysomethings to higher-wealth boomers.

Labels: generational conflict