Reason editor: Obamacare is generational theft

Advertisements that target the "young invincibles" and encourage them to enroll in the health care exchanges are misleading, says Reason Editor Nick Gillespie.

The "Got Insurance?" ad campaign uses sexual promiscuity and heavy drinking to lure in younger people, but Gillespie says the criticism of it misses the point:

Obamacare is simply the latest instance of generational theft being perpetrated against younger Americans. It's a feature and not a bug of the President's signature health care law that insurance premiums for those under 30 are likely to increase significantly to allow premiums for older Americans to fall. Indeed, the whole plan hinges on getting 2.7 million whippersnappers out of a total of 7 million enrollees to sign up in the individual market during the first year. If too many older and sicker folks flood the market, the system will crash even faster than the HealthCare.gov website.

Gillespie joins The Daily Circuit to discuss health insurance reform.