A rare moment of honesty from one of the biggest hacks in Congress.
Via WAMU:
Congressman Jim Moran (D-Va.) is voicing concern that the entirety Affordable Care Act could unravel because not enough young people are signing up.
More than 40,000 Virginians signed up for health insurance on the federal exchange last month. Only 27 percent of those were young adults — the group needed to fund the new system. Moran says he doesn’t think those numbers are going to get much better.
“I’m afraid that the millennials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations,” Moran says. “But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially.”
If Moran’s prediction is correct, the whole law could unravel. He says there just isn’t enough incentive for healthy young people to sign up for insurance.
“And, frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young,” Moran says.