Tuesday, March 30, 2010

IDIOTS: AP: Young adults will see a 17% increase in premiums under ObamaCare. What happens when you pass bills to find out what’s in them...

During the entire ObamaCare debate, young voters consistently provided the most support for the government overhaul of the health-care system. Groups that encourage the youth vote campaigned in support of it, including the “F*** the Vote” campaign by Rock the Vote that had supporters pledging to only have sex with other Obama acolytes. Now that ObamaCare’s passed, the Associated Press finally explains to them a simple truth about federal mandates and the cost structure of insurance risk pools:

Under the health care overhaul, young adults who buy their own insurance will carry a heavier burden of the medical costs of older Americans — a shift expected to raise insurance premiums for young people when the plan takes full effect.
Beginning in 2014, most Americans will be required to buy insurance or pay a tax penalty. That’s when premiums for young adults seeking coverage on the individual market would likely climb by 17 percent on average, or roughly $42 a month, according to an analysis of the plan conducted for The Associated Press. The analysis did not factor in tax credits to help offset the increase.

The higher costs will pinch many people in their 20s and early 30s who are struggling to start or advance their careers with the highest unemployment rate in 26years.

I explained this in my response to the “F*** the Vote” campaign: READ MORE...

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