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Avik Roy: Not Affordable Care Act: Opposing view September 24, 2013

In most states, premiums will increase.

Imagine that Congress passed a law requiring all cars sold in America to use hybrid engines. If you’re concerned about our consumption of fossil fuels, such a law might sound great. However, as anyone who has shopped for a car knows, hybrid cars are much more expensive than conventional ones.

OUR VIEW: Affordable care in 7 days

ObamaCare is doing something similar to health insurance, especially for people who buy it on their own. The law forces insurers to charge the same rates to the healthy and the sick. It mandates that insurers cover services that the government deems “essential,” such as drug-addiction therapy, that most people don’t need. It forces young people to pay much more, so as to partially subsidize the elderly.

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