This part of the ACA, which is HEAVILY dependent on young and healthy workers signing up .. is never going to work .. and if it doesn't .. premiums will go through the roof.
Obamacare Challenge: Getting Young Workers to Buy Insurance
In health policy circles, they are called the young invincible – healthy adults under the age of 30 who don't feel they need to buy health insurance. Even when they're offered coverage at work, a new ADP study found only half of young adults opt to take their company plan, compared with 70 percent of workers over age 40.
"This has historically been the case that younger folks tend to want to go it alone, so to speak, at a much higher rate than older folks," said Tim Clifford, president of ADP Benefits & Talent Management Services.
Young adults make up a disproportionate share of the nation's 50 million uninsured. Getting them to sign up for insurance coverage will be a major focus of the government this fall during the roll-out of the Affordable Care Act, or ACA, also known as Obamacare.
It's also important for companies with 50 more full-time employees to offer their young adult workers coverage, and get them to sign up, or face potential penalties starting in 2014. That may mean a big shift in benefit plans for some employers.
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The Obama administration has targeted enrolling at least 2.7 million young adults through the state and federal exchanges for coverage in 2014. But there's still a big question about whether young adults will enroll, or just opt to pay the penalty, which for the first year could be as little as $95.
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"A $95 penalty, which isn't even due this fall but at tax time—and it's kind of invisible at that point—is probably not enough to change behavior," said ADP's Tim Clifford.
http://www.cnbc.com/id/100844365
Who in the hell designed such an ill-conceived idea?
Answer:
THE HERITAGE FOUNDATION
Yes, that
HERITAGE FOUNDATION
Obamacare is Romneycare on a national level .. authored by Liz Fowler, a health insurance lobbyist and exec .. designed by
THE HERITAGE FOUNDATION.
Obama turned healthcare reform over to the very people it was supposed to rein in.
You've been played.