Thursday, October 3, 2013

No wonder it's impossible to find young people hot to sign up for FHer-care

Wowee zowee!  That's some sticker shock right there.


The young and healthy segment of the uninsured is considered crucial for the Affordable Care Act to succeed. Former President Bill Clintonsuggested last week that Obamacare only works “if young people show up.”
However, an analysis of premiums both before and after the implementation of Obamacare shows that 18- to 35-year-olds are likely to opt out of high rates in the exchanges in favor of cheaper penalties for not having insurance.
According to a study released by the American Action Forum, post-Obamacare premiums will average $187.08 per month, up from $62 per month in 2013, a 202 percent increase.  Overall, states averaged an increase of 260 percent.
Forty-four out of 50 states saw a three-digit percent increase, and in Vermont the cheapest available premium for a 30 year-old male nonsmoker will increase by $332.69, or 600 percent.
The American Action Forum, a center-right policy institute led by Douglas Holtz-Eakin, the former director of the Congressional Budget Office, compared premiums across the nation in 2013 to rates under the federally and state run exchanges in the heath insurance marketplace, which launched on Tuesday.

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