Even more appalling than being forced to buy healthcare, over the next decade Obamacare will add $1 trillion to the law in the form of subsidized coverage. Similarly, the CBO estimates that by 2018, 19 million individuals who purchased the policy through exchanges will receive subsidies. Not only do my bills increase because of my own healthcare plan, but I am obligated to subsidize those who can not afford it. Is it really my job as a college student to support them, when I am struggling to pay off my own loans?
And those are just the immediate consequences of the bill. Because of Obamacare, the debt is expected to skyrocket higher than the already $14 trillion number. The projected spending of the Obamacare package is “$4 trillion in new spending over the next twenty years… with $900 billion in new spending over the next decade.” While those numbers are projected over the next ten years, my generation will have to foot the bill. As I get older and gain work experience, I will—hopefully—be earning more money than I was in college. However, with that opportunity comes a price. Private citizens earning over $379,000 are required to give 35% of their wealth to the federal government. And even if my income taxes do not increase significantly, I will be effected by the government controlling private sector materials, such as “less job creation, slowed wage growth, and economic hardship for our country”. I just hope by that time, I will have paid off my college loans.
At a crucial point in their lives, college students are being assailed by Obama’s new healthcare plan. Taxes will increase dramatically as the probability of finding a job will plummet. For a plan that was supposed to benefit the whole of society, The Patient Protection and Affordable Act’s true colors are beginning to show. The President has been quoted saying, “If you like your healthcare plan, you can keep it.” But my question is, “If I don’t want the healthcare plan, do I have to keep it?”