Yes but the young folks are about to get sticker shock with Obamacare. Young health people (millions of them) who don’t spend their money on health insurance are going to have to start forking over large chunks every month even if they do qualify for subsidy in the form of tax credits they won’t see that till they file the following year. Young people most likely are not that patient and are going to balk at this. Obamacare is doomed to failure because the young people just won’t sign up for it of course Republicans will eventually be blamed because somehow it will be their fault even though everyone of them voted against and tried to repeal this evil law. Example I checked out a one of the healthcare calculators and basically a 21 year old single person making less than 25K a year is going to have to fork over about $200 every month for the bronze plan which has large copays and really only serves as a catastrophic plan... but that $200 was what they were using for gas, partying, car insurance, care payment, etc, etc, and it is not being replaced with anything tangible so they are about to get pissed because they won’t get the $1800 payback until they file their taxes the following year.... LOL suckers...
I believe the subsidy can be sent by the government directly to the insurance company every month, or you can get it at the end of the year as a tax credit. At least that’s the way the California exchange is explaining it. I would imagine most low-income people would take the first option.
I don't have a cash flow problem, so I hadn't thought of it that way.
You are so right about this.