50,000 Sign up for Internet Gambling in NJ; 741 for Obamacare

by John Fund, National Review  |  published on December 5, 2013

Obama
President Obama is back selling his health-care law with the manic intensity of a late-night-infomercial pitchman who knows that if he doesn’t move the product, it could be discontinued.

Here’s Obama aiming his comments at young people this Wednesday: “The product is good. It’s affordable. This is a big deal, to quote Joe Biden. And if you’re a student-body president, set up a conference on campus. If you’re a bartender, have a happy hour.”

But it’s the president who may need a drink after viewing the latest poll numbers on young people’s attitudes towards Obamacare. At the heart of the health-care law is the following premise: Enough young and healthy people will sign up for new health insurance through the government’s excuse for a website to provide enough income for insurance companies so the planned subsidies to older and sicker uninsured people can keep flowing.

About 40 percent of those who sign up for new plans will have to be under 35 for this cost-shifting scheme to work. If they’re not, then to avoid having everyone’s premiums start to dramatically spike upwards, Obama may have to bail out insurance companies, the least popular and least trusted private-sector provider of services outside of used-car lots. Explaining that to voters may be beyond anyone’s rhetorical gifts.

Obama’s most pressing problem is that young people aren’t buying into his sales pitch. A new Harvard University Institute of Politics poll of those under 30 years of age has devastating news for Obamacare.

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