Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Study predicts Obama healthcare law will raise premiums on young adults
The Hill ^ | 7 January 2012 | Elise Viebeck

Posted on 01/07/2013 7:26:08 PM PST by magellan

The study says a provision linking prices for older and younger patients could raise costs on the young.

Young adults will see higher health insurance premiums under the Affordable Care Act (ACA) because of a provision that links prices for older and younger patients, according to a new study.

Actuaries at management consulting firm Oliver Wyman predicted the law's age rating restrictions could mean a 42 percent hike in premium costs for people aged 21 to 29 when they buy individual coverage.

"This means that close to 4 million uninsured individuals … can expect to pay more out of pocket for single coverage than they otherwise would, even given the availability of premium assistance," study authors wrote.

President Obama's signature healthcare law limited the amount insurers can charge older people for their health insurance to a maximum of three times the amount younger people pay.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: obamacare
There is no "could", "may", or other uncertainty. Health insurance rates will rise for the young, causing fewer young people to purchase insurance.
1 posted on 01/07/2013 7:26:16 PM PST by magellan
[ Post Reply | Private Reply | View Replies]

To: magellan


2 posted on 01/07/2013 7:31:05 PM PST by Iron Munro (I Miss America, don't you?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: magellan

“causing fewer young people to purchase insurance.”
But they don’t have the option not to purchase under obamascare!
That’s part of the problem. Those who don’t really need insurance are obligated to buy it to help cover those who are receiving treatment. All part of the plan.......


3 posted on 01/07/2013 7:38:22 PM PST by 9422WMR (Life is not fair, just deal with it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: magellan

Pay more? No they won’t. They’re all going to be beatniks like Maynard Krebs, get free healthcare and play bongos all day. Nanzi said so:
`Nancy Pelosi’s Message To America’s Youth’
http://www.foxnews.com/story/0,2933,593167,00.html
SPEAKER OF THE HOUSE NANCY PELOSI, D-CALIF.: We see it as an entrepreneurial bill — a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.


4 posted on 01/07/2013 7:41:54 PM PST by tumblindice (America's founding fathers: All armed conservatives.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: magellan
This means that close to 4 million uninsured individuals … can expect to pay more out of pocket for single coverage than they otherwise would,

If they are uninsured, they are paying nothing. So yes, anything is a step up to go from uninsured to the coercively insured rates, but this now makes it even worse. Plus, this study does not factor in that insurance companies now must accept preexisting conditions, which means now all others will have to chip in as well to balance out those rates as well.

Good thing the young have good jobs. Oh, right, they young disproportionately work in low wage jobs, who now have to work two 29 hour jobs because companies can't afford this and so they had to force them in to part time work.

And remember, this is now mandatory. Since the young are healthier than the rest, in the past the young could usually skate by without coverage until they landed a good paying job with benefits, but now you, or your parents until age 26, are forced to pay this. You surrendered your choice. Forever. Thanks for playing.

5 posted on 01/07/2013 7:43:33 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vince Ferrer

Bwahahahahaha...to all nobama and LIB supporters. Bwahahahahaha.


6 posted on 01/07/2013 7:56:44 PM PST by ogen hal (First amendment or reeducation camp?)
[ Post Reply | Private Reply | To 5 | View Replies]

To: magellan
My wife and I recently went on Medicare. Our "free" health care costs about $7,000.00 per year. That's because of $2,400 to Uncle Sam for doctor coverage, $3,600 for Medigap insurance, and $1,000 for drug coverage.

So if "free" health insurance is 7 grand a year, just imagine what it must cost to add 50 million more to the health program as Obama care does and then expand coverage significantly. It's certainly more than 10 grand per year per person.

Who pays for this??? People who work do. In order to brake even on just health coverage alone, each man, woman, and child has to pay the government 10 grand a year or more. Those that don't pay (something like 47% of the population) have to be covered by those who do.

7 posted on 01/07/2013 7:59:27 PM PST by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ogen hal
Someday the young may figure out that this was a gigantic scam, with them as the marks. Obama cried and fretted about how to get help for the "uninsured," without explaining that the "uninsured" mostly did not mean a bunch of sick people who couldn't get care, but healthy people that didn't feel they needed to get insurance, like the young just starting out. This was a scam to get the young to pay for the middles aged and elderly's health care, under the guise of helping the uninsured.

But under Obamacare, all the pills are bitter to swallow.

8 posted on 01/07/2013 8:09:42 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 6 | View Replies]

To: norwaypinesavage

No no no! You see, Obamacare is going to bring the rates down!

Because he said so.


9 posted on 01/07/2013 8:12:05 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: magellan
Health insurance rates will rise for the young, causing fewer young people to purchase insurance.

They will buy insurance or argue with the IRS about it. Prison awaits the scofflaws.

10 posted on 01/07/2013 8:43:31 PM PST by TigersEye (Who is John Galt?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: magellan

well, duh


11 posted on 01/07/2013 8:48:05 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: magellan

so let’s see now....I’m in the inner city of Chicago....I am a street thug and I travel with 100 or so other street thugs. We roam around doing nothing, creating nothing but havoc. We steal, sell drugs, sell sex, and are generally are worthless........and there are literally thousands of us throughout the country......does this mean that our cost of health care is going to go up also????? OUTRAGEOUS!!!


12 posted on 01/07/2013 8:56:34 PM PST by terycarl
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigersEye
They will buy insurance or argue with the IRS about it. Prison awaits the scofflaws.

The "Affordable Care Act" provides for an initial 16,000 I.R.S. "enforcement agents" and no new doctors to care for the 20 to 40 million new criminal Mexicans alone.

13 posted on 01/07/2013 8:57:03 PM PST by Graybeard58 ("Civil rights” leader and MSNB-Hee Haw host Al Sharpton - Larry Elder)
[ Post Reply | Private Reply | To 10 | View Replies]

To: magellan

The ‘affordable Health Care Act’ ????


14 posted on 01/07/2013 9:06:00 PM PST by sickoflibs (Losing to O is NOT a principle!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Graybeard58

Even with an uptick of 16k agents the IRS is going to be busier than a one-legged man in a butt kicking contest come 2014.


15 posted on 01/07/2013 9:07:33 PM PST by TigersEye (Who is John Galt?)
[ Post Reply | Private Reply | To 13 | View Replies]

To: magellan
Study predicts Obama healthcare law will raise premiums on young adults...that's the entire reason for forcing the young to buy into the plan - to help subsidize paying for the elderly, whose care costs so much - Obama and his henchmen were upfront about this from the beginning - if only the kids had spent less time playing video games and cruising the mall, they might have known......
16 posted on 01/07/2013 9:20:52 PM PST by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: terycarl

Heh. The actuaries are gonna have fun with this one.


17 posted on 01/07/2013 9:55:45 PM PST by KGeorge
[ Post Reply | Private Reply | To 12 | View Replies]

To: TigersEye

or pay the penalty. Of course, these lazy bums can’t even afford the penalty.


18 posted on 01/08/2013 12:30:23 AM PST by max americana (Make the world a better place by punching a liberal in the face)
[ Post Reply | Private Reply | To 10 | View Replies]

To: max americana

Right. That’s the argument they’ll have with the IRS. Pay the penaltax or off to the hoosegow.


19 posted on 01/08/2013 12:34:23 AM PST by TigersEye (Who is John Galt?)
[ Post Reply | Private Reply | To 18 | View Replies]

To: magellan

...why you really think it will drive up costs for young people?


20 posted on 01/08/2013 12:39:49 AM PST by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 9422WMR

That’s the whole point - they want to force us young people to pay for something that we don’t want or need. Instead of stuff like actually saving up for a house or getting married.

FUBO!


21 posted on 01/08/2013 2:56:37 AM PST by JCBreckenridge (Texas is a state of mind - Steinbeck)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Vince Ferrer

“Someday the young may figure out that this was a gigantic scam.”

Newsflash, we have. Thanks Boomers for selling us into slavery. At least Slavery ends when you die. Your debt does not.


22 posted on 01/08/2013 2:58:34 AM PST by JCBreckenridge (Texas is a state of mind - Steinbeck)
[ Post Reply | Private Reply | To 8 | View Replies]

To: 9422WMR

Yep, at least $400 a month, and buying a car or home is only after that expense.


23 posted on 01/08/2013 3:20:36 AM PST by Son House (Romney Plan: Cap Spending At 20 Percent Of GDP.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: tumblindice

“a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.”

I remember when that rich she-commissar said that; it summed up most of what was wrong with this country in general, and California in particular. It is no longer possible for these two conflicting ideologies (American independence/entrepreneurship and European socialism) to co-exist.


24 posted on 01/08/2013 3:45:54 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 4 | View Replies]

To: JCBreckenridge

“they want to force us young people to pay for something that we don’t want or need. Instead of stuff like actually saving up for a house or getting married.”

Homes and families are beyond the reach of young Americans, and will remain so until they euthanize the takers. The Dems will certainly be happy to eliminate the retirees; they took some of the MediCare $ and re-directed it to healthcare for illegal aliens.


25 posted on 01/08/2013 3:47:51 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Tzimisce
" ... why you really think it will drive up costs for young people?"

Math.

Community Rating

26 posted on 01/08/2013 9:35:49 AM PST by magellan
[ Post Reply | Private Reply | To 20 | View Replies]

To: kearnyirish2

“Homes and families are beyond the reach of young Americans, and will remain so until they euthanize the takers. The Dems will certainly be happy to eliminate the retirees; they took some of the MediCare $ and re-directed it to healthcare for illegal aliens.”

Just like they eliminated a third of my generation?


27 posted on 01/08/2013 1:43:58 PM PST by JCBreckenridge (Texas is a state of mind - Steinbeck)
[ Post Reply | Private Reply | To 25 | View Replies]

To: JCBreckenridge

“Just like they eliminated a third of my generation?”

I look at these Americans today from 15 to 25 years old, and view them as “The Last Generation”. Anyone I see younger than that isn’t American...


28 posted on 01/08/2013 3:31:50 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 27 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson