Young People Should Say No to Obamacare: The program needs them, but it’s not worth signing on.

National Review ^ | 06/21/2013 | John Fund

[yorkiemom]

Probably taking into account that the premiums are tax deductible so that lowers out of pocket.

Are they going to be? Hubby and I were trying to figure that out. His premiums from his job are taken out pre-tax, so they should be tax-deductible for someone not getting insurance through an employer. But where is that done? I figure on Schedule A, under medical expenses, but you have to be paying a large percentage (which went up under Obamacare) of your income before you can even deduct medical expenses.

[yorkiemom]

Not sure why it is just the young that will opt for the penalty. Why not old people too?

Because no matter your age, your premium (and subsidy) is based on income only. An older person's total premium will be much higher than the younger person. Plus I imagine us older folks would rather be insured than not, since more can go wrong or we're already on some kind of treatment/medication for something or other.