Posted on 11/29/2015 12:18:02 PM PST by Libloather
Under the Affordable Care Act, young adults are allowed to stay on their parents' health insurance up to age 26. Since people generally like the idea of helping their own children avoid sickness and financial ruin, this has been one of the law's more popular features. But how exactly has the rule changed life for American twentysomethings?
According to one new study, it seems to have given them a bit more leeway to bum around and find themselves - which is just about what you'd expect to happen when getting a job isn't a prerequisite for getting insurance. In a working paper released earlier this month, economists Gregory Colman and Dhaval Dave conclude that thanks to Obamacare's coverage rules, young adults are now less likely to work but a bit more personally content, as they spend more time with friends, in school, and searching for (presumably) fulfilling employment. They might be a little lazier. But that's not necessarily such a bad thing.
A number of previous studies have found that letting twentysomethings remain on their parents' health plans reduced their uninsured rates by about 4 or 5 percentage points and led them to work fewer hours. Colman and Dave's paper is an interesting addition to the conversation because it both looks at how millennials have used their extra free time and what the changes have done for them emotionally.
(Excerpt) Read more at businessinsider.com.au ...
Having other people pay for your crap is hard work. Partying instead of saving for the looming Commiecare tax? That won't end well.
Pelosi: Obamacare Allows You to Quit Your Job and Become 'Whatever'
Encouraging people not to work is a prescription for destroying an economy and a society.
And they wonder why there are jobs Americans “won’t do?” Because they’re being paid to be lazy and “wait” for the job they really want. Which will never be found. Once the bennies are cut off, in this case at 28, they’ll take whatever job is there. Assuming they have to and other bennies aren’t stepping in to fill the gap.
By the time they all hit 26,most of them will be bums.It’s the only life they’ve ever know.Better boot ‘em out of the basement and get them working now.
So instead of being productive in the most healthy years of their lives, they can be slacker bums. Great.
I realize the military isn’t for everybody, but, many of these slacker types would benefit from military discipline and training.
I’ve heard many veterans talk about their experiences, and while all had some difficulties in military life, all also said that they learned valuable life lessons and benefited greatly from the discipline and values of the military. They have told me this carried over to their civilian lives after their service was done.
As a vet, I used to think this as well, but with the direction that the military is headed, I'm starting to wonder if the service still creates adults the way it used to do.
The whole purpose of that provision is to bolster the finances of insurance carriers by expanding the risk pools to include more younger people who will have insurance premiums paid for them by their parents' employers but will have very few claims paid.
Give it another 5-10 years, and ObamaCare Version 2.0 will include a provision under which the adult children up to age 65 will be eligible for coverage under their retired parents' Medicare plans.
Had a “friend” in high school who if he had persisted would have ended up in prison.He went into the Army and by golly they straightened him out.Got out,got married,had a son.Worked hard as a truck driver until his untimely death in a car accident.
In my experience, young people in their 20s who spend too much time “finding themselves” turn out to be losers. I know people who didn’t get serous about earning a living until they hit their late 20s / early to mid 30s and, even as they progressed into their 40s, they were and remained net drains on society. Entitled, demanding, expecting others to pay for them, thinking the world owes them a living. They are going to live and die as drains on society. The best thing you can do for your kids, in my opinion, is to make them get on a productive path early as possible. That doesn’t mean working right out of high school, but it does mean being serious about their education — whether that is college or trade school — and then supporting themselves.
It would be terrific if there was a way to get more competition in health insurance, but Obama care was never designed to actually make it affordable. It was designed from the beginning to fail, to increase prices and make people happy with their insurance unhappy. It was designed to give people insurance, so they’d pay premiums, but jack up the out of pocket so high, that it would be much cheaper to not have any! A $5000 out of pocket, before insurance kicks in at all, ensures that people who actually read the policy before signing up, will decide not to, while those who don’t will sign up, and realize that even with insurance, one serious illness will bankrupt them. It was designed from the beginning to break the entire system, in order to get “the people” to “cry out for the government to save them.”
There are huge problems that need to be addressed, but of course, Obamacare was never about problem solving. It was all about the government grabbing control over an ever-growing segment of the economy, and more importantly, and ever growing control over individual lives.
Mark
Spot on. Why should they bother to do anything if they are being funded to do nothing?
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