Over at Business Insider, Henry Blodget retells the story of Butch Matthews, a diehard Republican who tried Obamacare and liked it. The 61-year-old retired business owner from Arkansas was paying $1,069 per month for a catastrophic health plan. Now, he’s paying $0 for a very robust plan with only a $750 deductible.
And, surprise, surprise, Matthews likes getting his insurance at taxpayers’ expense. I have nothing but respect for him. Who could blame him? I’d take exactly the same deal if were available to me.
But it isn’t, and it can’t be. Like most people in their 30s, I still have to work for a living and generate an income well above the poverty level to provide for my family. That means I’m never getting a subsidy. I can’t live on income from previously earned wealth, as Matthews does — and that’s what gets him the full ride.