"It's fun paying for things you don't even use!"
So when I did some actual analysis of this latest idea, it did not surprise me to learn that this claim is dead wrong. Once the time value of money is taken into account, the average young person will be worse off under Obamacare even if they live long enough to be a near-elderly person who pays premiums that are well below actuarially fair rates. In the short run, millions of young will be better off without Obamacare. A recent study by the National Center for Public Policy Research shows that: About 3.7 million of those ages 18-34 will be at least $500 better off if they forgo insurance and pay the penalty. [And] more than 3 million will be $1,000 better off if they go the same route...But in the long run, the story is the same. It is relatively straightforward to test this claim empirically.
We'll see what actions Delta takes to defray the $100 million in added costs. Whatever they choose to do, it won't happen in a vacuum. Just as DHL and FedEx are undoubtedly analyzing (and possibly emulating) what UPS has done, United, American and other major US carriers will be watching Delta like a hawk. When one industry leader takes the plunge on, say, dropping coverage for spouses and families, that company's action makes it easier for its competitors to follow suit. The resulting spiral will lead to more Americans what happened to the president's "you can keep your plan" pledge, with some workers actually pleading with their bosses not to offer employer-based coverage any more.
UPDATE - You can't keep your plan, Jersey edition.
Guy Benson is Townhall.com's Political Editor. Follow him on Twitter @guypbenson. He is co-authors with Mary Katharine Ham for their new book End of Discussion: How the Left's Outrage Industry Shuts Down Debate, Manipulates Voters, and Makes America Less Free (and Fun).
Author Photo credit: Jensen Sutta Photography
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