Generational theft hides real cost of Obamacare

One of most important assumptions of the founders was that free adults would behave as adults, pursuing rational courses of action in pursuit of their objectives.

On that assumption, they constructed a legal framework for a market system, not only in politics, but in cheese, beer, vegetables, and insurance. What sold best would be produced. What didn't sell would be abandoned.

Young adults have been making rational decisions about their health, often passing up health insurance because that's the way to bet when you're 25. If you're unlucky, you pay off the bet by taking care of your own medical bills.

Now, Barack Obama and the Democrats are telling the young uninsured that they can't do that any more. They have to buy health insurance, whether they want to or not.

That's one of the main reasons the Congressional Budget Office scored the Obamacare bill as it did, instead of putting the cost much, much higher.

Generational theft is on the march. Under Obamacare, twenty-somethings would pay, often unwillngly, so that older people can pay less. Older people, who tend to vote in high numbers, will be grateful for the subsidy. Younger people don't vote so much and have more interesting things to think about.