Young Obama voters finally going to get their Hopenchange dividend
Health premiums could rise 17 pct for young adults
CHICAGO (AP) — Health insurance premiums for young adults are expected to rise about 17 percent once they're required to buy insurance four years from now. That estimate is from an analysis by Rand Health.
Young people will need to carry more of the burden of health care under the new health overhaul law. The new law limits an industry practice of charging older customers more.
Even so, the pluses could outweigh the minuses. Some 2 million people under age 26 should qualify for coverage under their parents' health plans. And Medicaid expansion will insure 9 million more young adults.
CHICAGO (AP) — Health insurance premiums for young adults are expected to rise about 17 percent once they're required to buy insurance four years from now. That estimate is from an analysis by Rand Health.
Young people will need to carry more of the burden of health care under the new health overhaul law. The new law limits an industry practice of charging older customers more.
Even so, the pluses could outweigh the minuses. Some 2 million people under age 26 should qualify for coverage under their parents' health plans. And Medicaid expansion will insure 9 million more young adults.
posted by BP News Bureau | 10:00 AM
1 Comments:
(Hot Air) - This is what happens with “community pricing.” Costs don’t disappear; they just get allocated in a different manner. Instead of the actual higher-cost clients paying their share of the burden, they now get subsidized by low-risk clients instead. Thanks to Congress, these low-risk clients no longer have the option of choosing high-deductible catastrophic insurance with HSAs for routine medical work, but have to buy comprehensive insurance plans that wind up subsidizing their parents and grandparents.
Or, to put it in simpler terms, they’re getting f***ed by the same people who pushed the “F*** the Vote” campaign and the Democrats. Had the younger voters taken the time to learn something about risk pools, insurance, and the experience of Massachusetts and Maine using the same kind of mandates, they’d have told Rock the Vote to f*** off. They still have the opportunity to deliver that message to Democrats in November.
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