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ObamaCare Raises Health Insurance Premiums, Especially For The Young [Consequences Happen]
Forbes Magazine ^ | 12/05/2013 | Matthew Herper

Posted on 12/19/2013 2:50:46 PM PST by SES1066

The Affordable Care Act has dramatically increased the cost of buying a health insurance plan on the individual market in California, Texas, Florida, New York, Illinois, Georgia, and North Carolina, states that account for more than half of America’s uninsured adults, according to a study by Sector & Sovereign, a sell-side firm that focuses on advising investors what sectors to put their money in.

Worse, the firm argued in a note earlier this week, the increases in cost are most substantial for the young.

According to S&S, the average deductible – the amount of money you spend out of pocket before your health insurance kicks in– for plans purchased by a 21-year old man in 2013 was $3,649, bought at an average monthly premium of $144. To purchase a plan with the same deductible now, a 21-year-old would have to pay $261, an 81% increase.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Health/Medicine; Society
KEYWORDS: healthcare; investments; obamacare; savings
An unmentioned consequence of the overall Obamacare is that money is limited for anyone other than trust-fund beneficiaries when one is young! For many years, a constant beat is that the young needed to save more for their older years, kids education and other reasons. Now, they have this new REQUIRED expense of Obamacare and this will indeed have a strong consequence.

No one can argue that this money must come from somewhere and the truth is that this cost must come from discretionary spending since the health care is a legal requirement! So not only are the young supporting the older health consumer, they are sacrificing their financial future in doing this! Thus more people end up as dependent upon the government and pawns of the benevolent government party? Permanent Democrats?

1 posted on 12/19/2013 2:50:46 PM PST by SES1066
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To: SES1066

That’s the re-distribution part....another word is “stealing”.

2 posted on 12/19/2013 2:54:44 PM PST by Sacajaweau
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To: Sacajaweau

They will pay MORE ... for less.

3 posted on 12/19/2013 3:01:45 PM PST by Diogenesis
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To: SES1066
If there ever was an oxymoron that's nicknamed ObamaCare — also known as the AFFORDABLE CARE ACT — it is not affordable, raises premiums by a minimum of 2X, deductibles by a minimum of 3X, still does not cover everyone, limits your doctors and providers, and opens up all of your most personal and private data to identity theft.

ObamaCare is NOT affordable or necessary; it totally sucks. more proof to the gullible Americans that nothing is as expensive as something supposedly provided “free” by government.

4 posted on 12/19/2013 3:16:31 PM PST by MasterGunner01
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To: SES1066

Hey, EXCREMENT EVENTUATES! That’s my copyrighted phrase (but feel free to use it as I HATE PATRIOTS FOR PROFIT).

5 posted on 12/19/2013 3:21:56 PM PST by Dick Bachert (CONGRESS: GROW A PAIR! IMPEACH THE USURPER!!)
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To: SES1066

Of course this does not take into account 26ers, subsidy recipients, and medicaid.

Which is where most of the youts will fall into.

6 posted on 12/19/2013 3:24:29 PM PST by nascarnation (Wish everyone see a "Gay Kwanzaa")
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To: SES1066

Yes it is higher for the young people but it is super high for older folks. I have the premium chart for Los Angeles and Orange Counties. The chart starts with ages 0-20 and they are about $100 a month, going up over $1000 a month for ppl who are 62. It is crazy, it is different by which county you live in. Los Angeles county is divided into to sections and two price points! This chart shows the full prices without subsidies, so it shows the real prices for the policies. But the prices are higher for everyone. My son is 29 and the cheapest policy he could get, individual policy, no subsidy is $163 a month with $6350 annual deductible. Mine, at age 62, would be over a thousand a month. The premiums go up for every year you are older.

7 posted on 12/19/2013 3:49:13 PM PST by buffyt (Abortion is murder. It is not a choice, it is a CHILD of GOD.)
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To: nascarnation

My son is unemployed and 29 years old and I have been paying for his health insurance. He qualifies for FREE Medicaid - called Medical in California where he lives... but most doctors and hospitals do not accept that. So I have been paying $83 a month/ $4500 deduc for his health insurance form He got his cancellation letter saying that policy was no longer offered due to ACA - ObamaCare and he could choose a new one. I sent in the papers for that but didn’t hear from them yet. When he is here for Christmas we will call to make sure he is covered. It is catastrophic only and you have to be under 30 years old to get that. So I don’t know what happens in May when he turns 30. Hope he has a job that offers insurance by then....

8 posted on 12/19/2013 3:52:54 PM PST by buffyt (Abortion is murder. It is not a choice, it is a CHILD of GOD.)
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To: Diogenesis

Oh yesm more for less... 29 year old SINGLE MAN, my son. The reason he has to get a new policy it MUST offer IUDS, birth control pills, maternity care, pediatric vision and dental, mammograms - he cannot use any of that crap, it is just for him, an individual policy for a single man! but they jacked up the price from $84 to $163

9 posted on 12/19/2013 3:54:33 PM PST by buffyt (Abortion is murder. It is not a choice, it is a CHILD of GOD.)
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To: MasterGunner01

It has nothing to do with “care”. It should be referred to as “obama-insurance”.

10 posted on 12/19/2013 6:01:48 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: VerySadAmerican

Actually, it’s all about CONTROL of your life from womb to tomb.

11 posted on 12/19/2013 6:05:50 PM PST by MasterGunner01
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