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Study: Young Better Off Not Buying Obama-Care

From the Daily Caller:

Study: Young people better off not enrolling in Obamacare

By Patrick Howley | August 15, 2013

Millions of young Americans could save money by simply paying Obamacare penalties rather than buying insurance when the controversial health-care law is implemented in 2014, according to a new study.

“Millions of single, childless adults will save at least $500 by forgoing insurance and paying the fine in 2014. The problem is that to be viable, the exchanges need these ‘young invincibles’ to participate,’” said David Hogberg, health-care policy analyst for the National Center for Public Policy Research, which conducted the study.

In 2014, millions of single, childless Americans between the ages of 18 and 34 will be better off paying a $95 individual mandate penalty or one percent  of their income (defined as a “tax” by the Supreme Court) than buying insurance, according to the study.

Approximately 3.7 million people in that age group “will save at least $500″ by paying the penalty rather than buying insurance and more than 3 million people will save at least $1,000 by simply paying the penalty, according to the study.

This isn’t well presented. You could almost see this as a deal. For a mere $500 or $1,000 more than the Obama-Care penalty, you can get some form of health insurance.

But those amounts are actually more than five or ten times the amount of the current penalty ($95).

As The Daily Caller reported, the Obama administration reportedly plans to roll out “campaign-style demographic targeting” to encourage younger, healthier people to enroll in the Affordable Care Act and effectively balance Obamacare exchanges, which will initially serve primarily older people and would drive up health-care rates under the law. The administration hopes that 18-to-30-year-olds will comprise 2.7 million of the 7 million people expected to sign up for Obamacare exchanges in the first six months of the law’s implementation.

It all depends on how many will fall for the Obama administration’s Big Lie.

This article was posted by Steve on Friday, August 16th, 2013. Comments are currently closed.

4 Responses to “Study: Young Better Off Not Buying Obama-Care”

  1. GetBackJack says:

    Judge – “This is not a voluntary program”

  2. Noyzmakr says:

    Why would anyone under 26 sign up to begin with? Aren’t they covered under their parents policy?

  3. BannedbytheTaliban says:

    The good news is the Obama economy has so damped the job prospects for 18-34 year olds that they likely won’t have a job or a tax return. So they will simply pay nothing. How does the IRS plan to track people who don’t file a tax return to make sure they have health coverage?

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