Guy already delivered the pathetic news of only 51,000 people signing up for Obamacare so far, but to make things worse, young people are still dodging the exchanges like the plague. Cathy Reisenwitz explains why in Forbes:
Experts say that young, healthy people must enroll in ObamaCare’s health exchanges to cover the cost of insuring sicker, older people. It’s a simple math equation: Charge everyone roughly the same rate for access to basically the same product. The people who use it less will subsidize the people who use it more.
The problem with this plan is that it hoses young, relatively poor people like me right when we least need high bills for services they’re not using. And it helps older, relatively rich people who should be able to afford the care they need. If America’s downtrodden and struggling young people are smart, they’ll opt out. Then it’ll be up to the federal government to fine them enough to make up for the shortfall.
Before Obamacare was passed in 2010, young people expressed little interested in making healthcare insurance a priority in their budgets. At the time, health plans for young and healthy people were available for as a little as $48. It didn’t matter and young people didn’t want it. Nothing has changed in the attitude of the young demographic the Obama administration hoped to attract, but was has changed is the price tag.
A report from the conservative American Action Forum found that health insurance rates for 2.7 million people aged 18 to 35 — the so-called young invincibles crucial to the health-care law’s success — would rise dramatically.
Post continues on TownHall.com