Skip to comments.Are Young, Single Adults Expecting Obamacare to Cost So Much?
Posted on 06/05/2013 8:54:56 AM PDT by Hojczyk
o I got a sort of a shock today when I started playing with the Kaiser Family Foundation's subsidy calculator. I had it at the back of my mind that a single young freelance writer living in California, Washington, or New York, and making $32,000 a year, would qualify for insurance at a basically nominal cost. (The profession doesn't matter so much, but for obvious reasons, this is a type that I'm particularly familiar with.) It turns out that this person will qualify for a subsidy of about $213 a year, based on an expected "Silver Plan" (the medium coverage package) cost of $3,018, or about $235 a month.
On the one hand, it's great that young single folks can insure themselves for about $1600-2000 a year, even if they don't qualify for a subsidy. On the other hand, as Will points out, lots of young single people can insure themselves for a lot less than that right now. I don't think this is what they've been expecting.
Of course, if you make less than that, you get a bigger subsidy; at $25,000 a year your annual subsidy would be about $1400. However, if you make even a few thousand more, you get no subsidy at all.
But don't panic just yet, Young People: you don't have to pay $2805 if you buy cheaper insurance. Luckily California just released their 2014 rates, so we can see what options at least a few of you will have.
It looks to me like a 25- or 30-year-old freelancer in the great state of California can probably get the Silver Plan for somewhere between $200 to $250 a month.
(Excerpt) Read more at thedailybeast.com ...
Many young people make little more than 20K per year....
Translation: I thought it would all be free!!!
Hell I got insurance at 60 years old for less than 200 dollars a month...
“If you like the plan you have now - you get to keep it!”
All the low information voters out there will still blame the high costs on the eeeeeeeeeeevil insurance companies and others who are “gouging” them. They will NEVER understand that it is Obama and the democrats who are to blame for the ongoing (and rapidly accelerating) destruction of what was once the best health care in the world.
Well, if it’s really that cheap I’ll have to do it and be a lot better off. I haven’t been able to find a job since graduation in December and Cobra is $500.
Hey, votes for the Democrat Party don’t come cheap.
Too bad, but the price of bribery, like everything else, just keeps going up and up.
If you like the plan you have now - you get to keep it!
(what he didn’t say)
“However, you will still be fined for not having ‘qualifying’ insurance.”
That’s the PLAN my FRiend...
Single Payer here we come. They think they will end up sitting between Moochelle Obama and Nazi Pelosi at the local Obamacare Clinic waiting for their 3rd World trained Physician’s Assistant to help them.
Sucks to be stupid (for those who voted DEM)
And it sucks to not be stupid and have to live under the government and policies voted for by the stupid majority.
Yep. The young skulls o’mush all flocked to the ballot box to plunk for Obama because they thought it was gonna be free.
And when they find out its not, they are gonna be p*ssed off!
What’s the penalty for no insurance? Young poeple would probably be better off not buying insurance and paying the tax. After all, if they get seriously sick they can’t be turned down for preconditions.