blackascoal
The Force is With Me
What is known for sure is that premiums for the young and healthy will be substantially higher .. which of course if the very point of Obamacare.
What happens to the program if enough of them don't sign up for higher premiums and coverage they don't need?
Implementing Obamacare - The rate-shock danger
excerpts
[H]ealthy consumers are the key to the entire enterprise. They are the ones who are vulnerable to rate shock. If they think the premiums are too high, they will pay the small penalty and wait until they are sick to buy coverage. If that happens, premiums will climb higher, more healthy people will drop out, and Obamacare will cause health insurance markets to collapse. Obamacare supporters are in a near-panic that young, healthy people won’t sign up for coverage, and with good reason.
---
The fact that Obamacare dramatically raises premiums on young people is a big deal, because the majority of uninsured people are young. It’s the fact that insurance is already so expensive that leads so many young people to opt out. They’re perfectly healthy; they don’t have a lot of money; but they’re being asked to shell out thousands of bucks for policies they won’t use. And Obamacare’s solution to this problem is…to force them to pay more?
http://www.economist.com/blogs/democracyinamerica/2013/06/implementing-obamacare
What happens if the young don't sign up .. many of whom don't have health insurance because of costs .. now they're going to be hit with a higher rate for coverage they may not want or need?
What happens is even higher costs for everybody else .. and the program implodes.
What happens to the program if enough of them don't sign up for higher premiums and coverage they don't need?
Implementing Obamacare - The rate-shock danger
excerpts
[H]ealthy consumers are the key to the entire enterprise. They are the ones who are vulnerable to rate shock. If they think the premiums are too high, they will pay the small penalty and wait until they are sick to buy coverage. If that happens, premiums will climb higher, more healthy people will drop out, and Obamacare will cause health insurance markets to collapse. Obamacare supporters are in a near-panic that young, healthy people won’t sign up for coverage, and with good reason.
---
The fact that Obamacare dramatically raises premiums on young people is a big deal, because the majority of uninsured people are young. It’s the fact that insurance is already so expensive that leads so many young people to opt out. They’re perfectly healthy; they don’t have a lot of money; but they’re being asked to shell out thousands of bucks for policies they won’t use. And Obamacare’s solution to this problem is…to force them to pay more?
http://www.economist.com/blogs/democracyinamerica/2013/06/implementing-obamacare
What happens if the young don't sign up .. many of whom don't have health insurance because of costs .. now they're going to be hit with a higher rate for coverage they may not want or need?
What happens is even higher costs for everybody else .. and the program implodes.
