Skip to comments.Health insurers fear young people will opt out
Posted on 07/05/2013 6:12:26 PM PDT by mdittmar
MIAMI (AP) Dan Lopez rarely gets sick and hasn't been to a doctor in 10 years, so buying health insurance feels like a waste of money.
Even after the federal health overhaul takes full effect next year, the 24-year-old said he will probably decide to pay the $100 penalty for those who skirt the law's requirement that all Americans purchase coverage.
"I don't feel I should pay for something I don't use," said the Milwaukee resident, who makes about $48,000 a year working two part-time jobs.
Because he makes too much to qualify for government subsidies, Lopez would pay a premium of about $3,000 a year if he chose to buy health insurance.
"I shouldn't be penalized for having good health," he said.
Persuading young, healthy adults such as Lopez to buy insurance under the Affordable Care Act is becoming a major concern for insurance companies as they scramble to comply with the law, which prohibits them from denying coverage because of pre-existing conditions and limits what they can charge to older policy holders.
(Excerpt) Read more at news.yahoo.com ...
Come and get me, Federales.
Gee, what a selfish jerk, not wanting to subsidize others
Who would have thunk it? Folks thinking rationally when it comes to spending THEIR money.
there is no penalty if you juggle
your withholding correctly.
Redistributing health insurance money makes it “free” for the parasites who vote correctly. Obamacare is working precisely as planned.
My twenty-eight yo absolutely refuses to buy in to BO care.
Says he’d rather pay the penalty.
You mean if I’m healthy I have to buy health insurance? What about muslims? They say it’s un-islamic to buy health insurance because it’s a form of gambling. You’re betting on staying healthy ...
Thank you sir!
I’m 32 and I feel the exact same way. Come collect, BO!
Civilization thanks you. And I do too.
Except Dan Lopez and guys like him voted for the Marxist.
“Health insurers fear young people will opt out”
If healthy, they would be fools not to opt out
He can pay the $100 dollar fine and if something happens to his health he can buy Obmacare then. When he gets well he can drop it again, and buy it as often as he likes.
Any young person would be foolish to buy insurance when they can buy it if and when they get sick.
Since they can wait until they are sick, and then buy insurance, why wouldn’t they?
Hmm,guess that shouldn’t be called insurance then.
Yea, what the heck? If he is paying for our SS the least he can do is pay to subsidize our medical coverage too. Greedy kid. ;-)
This whole Obama Care train wreck is getting interesting. At the rate it’s being slow walked to it’s death, it is only a matter of time before our overloads decide the only way to fix it is to make it a single payer system, The plan since day one.
Could anyone, even someone that’s 62, not buy insurance and wait until they are sick to buy it? I ask because my COBRA has run out and with a preexisting illness (sleep apnea) I can not get an individual policy unless I go through the state high risk group. That would mean going from $362/month to almost $1400/month. Luckily I can afford it right now, but I don’t know for how long.
don’t feel you should pay for what you don’t use?.
funny... I feel the same about 65% of my tax bill
>> Youre betting on staying healthy ...
It’s actually not a bet, because there’s no loss, and therefore no downside.
Get sick? Just go get insurance at that time. They can’t refuse you!
Of course, the long view requires analyzing the impact on society of health insurance companies jacking their rates by 3000%, just before they go broke, and there’s no health insurance for ANYONE. And analyzing what happens when you put the squeeze on physicians, until finally no one wants to admit to BEING a physician.
But then, Marxists never really did understand that long view thing.
Thing is with this required healthcare insurance. Now go and find a doctor that will accept it. Good luck with that. Lot’s of them are saying they’re going to refuse Obamacare health cards or whatever they’ll use. And so far there’s nothing coming out saying they have to accept it either.
Don’t worry. Have you ever tried to get a 20 something to do anything? Good luck. LOL!!!!
This underscores the real disconnect between Obamacare and reality. And no one, nobody, has challenged or even questioned the absurdity of the Alice-in-Wonderland endeavor.
Redefining the total language is cool, I suppose, until everyone realizes that in the process, the asses have also redefined reality.
Obamacare may be many "things," but "insurance" it is not.
Since the 17th Century, Insurance has been defined as paying premiums to cover an event, the premiums being fundamentally and inflexibly proportional to the risks involved. Insurance is a for-profit business. Removing that from its definition, makes it something else.
Obviously, forcing the new reality "insurance" totally to ignore the risk-cost link makes it into a new animal, one with an internal contradiction, regardless of having "stolen" the name "insurance." Doesn't take much thought or IQ to accept that if you create a new animal, which has feathers, lays eggs and has six legs, and calling it a goat, doesn't make it a goat, whether the notion is adopted as "legally enacted legislation," or not.
Attempting to destroy reality in the most byzantine manner possible, just to create a new form of welfare, without calling it welfare, and claiming it will save taxpayer money, in the ultimate insanity.
>>Im 32 and I feel the exact same way. Come collect, BO!
The IRS will be happy to fulfill your request - and expedite your transition from an employee of public school system into a deeper form of slavery ala another branch of the prison industrial complex.
Or, you could render unto Caesar what is his and ( instead of waving a dull sword at some centurion’s ear ) creatively find a way to render unto God what is His without being perched like a prostitute upon the temple steps of a state-established form of abstract value.
[Have you ever tried to get a 20 something to do anything? Good luck. LOL!!!!]
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Young people, hell. I’m in my 40s and I have no intention of buying into this shi-ite. I’m doing what I can to stay healthy, and when I need a doctor, I’ll pay cash.
You don’t need insurance as long as you don’t have income or assets and Medicaid is available for the poor.
Meanwhile, young people should consider shielding assets in anticipation of a medical illness that results in qualifying for Medicaid. A mattress will do quite well or this purpose.
The only chance a lot of these uninsureds had to get covered was the employer mandate and that is probably gone for good.
It is is going to be like Medicare where you have specified enrollment periods. Enroll Oct 15 - Dec 7 for the next year. The rest of the year you are out of luck.
This will work out for you, they must cover you with a price based on your age in 2014 but you’ll have to change plan as of Jan 1.
Yes, but bear in mind you might be too sick/injured to do the paperwork, even online, even with help, and it would not take effect until the first of the next month anyway.
Without insurance and after your money runs out you will get life-sustaining treatment in an emergency and not all that much else.
Your premium should be way less than $1400 at the first of the year assuming you aren't working between now and then.
I believe they are going to end up waiving the limited open enrollment periods because the system is going to be so starved for subscribers. Even as of now the state exchanges have the option to create additional open enrollment periods. The real problem for many is going to be the rule that prevents you from enrolling outside of an open enrollment period unless some qualifying event occurs (loss of job & insurance, etc.). I did not know about that rule until right now. If they actually enforce all this stuff they are going to end up with 3 or 4 subscribers.
I do know the first open enrollment period is going to be October 2013 through March 2014. Then it is going to be just October through December.
Oh you kid! I have a 28 year old grandson, who won't be buying it either.
$1400 X 12 months = $16,800 per year, that'll buy a whole lot of CPAP supplies.
I'm 68 years old and see a doc twice a year for a check up. I have medicare (required by my former employer), which is my secondary insurer, to whom I pay about $425 per month as my premium.
I'd tell both to take a hike if I could but my former employer is the primary insurer for my wife and two minor children. The premium is for a "family plan", no matter how many are on it.
I know, I'm blessed, it's just that I don't cost them much at all and I'm old.
Got a link for that?
Scary Obamacare factoid. Washington DC is banning all new sales of non-exchange individual health insurance.
Not with a bang but a whimper
$3000 a year premium? Hell, that’s a BARGAIN!