Skip to comments.Study predicts Obama healthcare law will raise premiums on young adults
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 ...
“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.......
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’
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.
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.
Bwahahahahaha...to all nobama and LIB supporters. Bwahahahahaha.
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.
But under Obamacare, all the pills are bitter to swallow.
No no no! You see, Obamacare is going to bring the rates down!
Because he said so.
They will buy insurance or argue with the IRS about it. Prison awaits the scofflaws.
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!!!
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.
The ‘affordable Health Care Act’ ????
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.
Heh. The actuaries are gonna have fun with this one.
or pay the penalty. Of course, these lazy bums can’t even afford the penalty.
Right. That’s the argument they’ll have with the IRS. Pay the penaltax or off to the hoosegow.
...why you really think it will drive up costs for young people?