At least in the casinos you have a chance to see your money again. Obamacare? Anything can happen, and most of it isn't good.
In fact, there is some evidence that young people may be more willing to gamble with their future than to buy Obamacare. I live in New Jersey, where Internet gambling has just been legalized. Each of Atlantic City’s twelve casinos can operate up to five gambling websites so long as they screen out customers from out of state. Peggy Holloway, senior credit officer for Moody’s Investors Service, says the new sites will “appeal to a younger, more Internet-savvy demographic that might lack the discretionary budget to travel to one of Atlantic City’s 12 casinos.” And indeed, fifty thousand people signed up online for New Jersey’s gambling sites in the first week. That compares with 741 who signed up for Obamacare during all of October. Yes, the Obamacare website has been plagued with problems, but the disparity between the two programs is still eye-popping.
Dr. Jeff Singer, a surgeon and scholar at the Cato Institute, told Fox News that the gambling boom shows “younger and healthier people are making the decision — rightly or wrongly — that they are getting a better value by using some of their money, for example, in a gambling site than they are for buying health insurance which is covering things that they don’t need.”