The future of the PPACA is up in the air.
12 million pre-Biden Originals - average risk $500/month/person
12 million Biden-era Newbys - average risk $50/month/person
you get
24 million Recipients - average risk $275/month/person
Unless the Newbys are retained by paying almost all their premiums, the Newbys will bow out and the risk per person and the premiums per covered person will almost double.
The insurance companies have to set their premiums for November marketing and they need to know what the average risk per person per age group is going to be real soon.
Would you, Mr. Healthy, like health insurance for less than $10/month?
The answer is probably going to be yes, even if the health insurance is junk.
Would you, Mr. Healthy, like health insurance for less than $100/month?
The answer might well be no. Mr. Healthy is very unlikely to benefit from health insurance, but he will get zapped with late fees if he doesn’t pay his bills. He will very likely get evicted if he falls behind on his rent.
I am paying $69 a month for someone. It’s a decent policy but they said I could qualify for a better plan but only if I took a chance and selected it. If I didn’t qualify, it was much higher. I have to wait until Open Enrollment to try again but now I have a W2 to work with.