Officials Fret That Young Americans Will Spurn Obamacare Insurance
For years, ObamaCare critics focused on its least popular feature — the mandate that everyone buy insurance — taking their fight all the way to the Supreme Court.
But as ObamaCare's official launch date approaches, even its backers are beginning to admit that the law could actually create powerful incentives for millions of people and thousands of businesses to drop their coverage, despite the mandate.
There is growing concern, for example, that the law's market reforms will cause a huge "rate shock," particularly for those young and healthy.
Source: Investors Business Daily. Read full article. (link)
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"20% health insurance hike for some in Bay Area?"
Looks like it...
Read more: http://www.sfgate.com/health/a.....z2La615Ptz -
"There is growing concern, for example, that the law's market reforms will cause a huge "rate shock," particularly for those young and healthy."
Of course it will. The whole point of the plan is cost shifting from old to young. That's not a bug, that's a feature. Progressives rob the poor to give to the rich. Yet again.
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And they apparently will never learn .......
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If millions of people and thousands of businesses drop their coverage, then it must be a matter of concern. People may prefer to private health insurance over it.
Certified Financial Advisor