Sunday, December 01, 2013

Well, the youth vote carried Obama to victory. Chris Wallace: Isn’t Obamacare Just ‘Income Redistribution?’

Chris Wallace: Isn’t Obamacare Just ‘Income Redistribution?’ - The Federalist Papers:
"“It sounds like what you’re saying is younger people are going to pay more to subsidize older, sicker people,” Wallace challenged.

“It depends on their income, and a whole variety of issues,” Tanden said. “A lot of people are seeing a much better deal in this system. There’s a big question about whether younger people should actually have a much better deal in the system, because they’re going to get pooled with a lot of other people.”

“You’re right about income redistribution,” Capretta said. “It’s $250 billion a year in Medicaid expansion and the subsidy structure that’s basically being paid for by people on Medicare through Medicare cuts and a lot of tax increases. If you want to know what the bill is really about, people in their most honest and candid moments wil admit that it’s basically taking $250 billion a year out of taxes and Medicare, and moving it into the Medicaid expansion and subsidy structures…It is a massive, massive income redistribution.”"

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