Posted on 04/02/2010 6:09:35 AM PDT by bs9021
Youth Insurance Hike Forecast
Bethany Stotts, April 2, 2010
The class of 2014—and other young adults—could face an additional financial burden upon leaving college due to provisions within Obamacare, reports Carla K. Johnson for the Associated Press on March 30. More particularly, they could pay as much as $42 extra per month on health premiums, or $504 per year, if they are privately insured, according to a Rand Health analysis.
In 2014, when the individual mandate takes effect, Johnson reports, “…premiums for young adults seeking coverage on the individual market would likely climb by 17 percent on average, or roughly $42 a month, according to an analysis of the plan conducted for The Associated Press.” The calculation is limited to insurance purchased in the individual market and does not take into account other parts of the legislation besides a mandate that the difference in premiums charged to young and old adults cannot exceed a 3 to 1 ratio.
“The higher costs will pinch many people in their 20s and early 30s who are struggling to start or advance their careers with the highest unemployment rate in 26 years,” reports Johnson.
(Under the health reform legislation young people can stay on their parents’ insurance plan until they are 26 years old.)
A June 2009 Employment Policies Institute analysis (pdf) of the Census Bureau’s 2007 survey data found that 50.4% of Americans ages 18 to 34 were uninsured, but that 48.7% of these uninsured persons were “voluntarily” so. E.G., approximately 25% of Americans aged 18 to 34 were “voluntarily” uninsured....
(Excerpt) Read more at academia.org ...
They’ll add the cost to your school loan...You think that’s not in THAT BILL for a reason. They’ll tweek it in a year or so to make it happen.
A sure bet. They will make the young and healthy pay for uneeded insurance and cut and ration the old and sick. It only took 3,000 pages of BS to do it.
What did they think people meant when they said the debt was going to be paid by the young.
So their insurance goes up but their parents will be paying it until they turn 27. That will work so well for the the Government that they will change the cut off age to 30.
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