Comments on: Why Health Insurance Premiums Will Increase for Young Adults in the United States https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/ Make More. Save More. Live Better. Mon, 28 Jan 2013 01:41:52 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: senatorseven https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/#comment-3291 Mon, 28 Jan 2013 01:41:52 +0000 http://www.youngadultmoney.com/?p=4648#comment-3291 In reply to Eyesonthedollar.

@Eyesonthedollar Hit “send” too soon … Note that this law will result in my business securing more clients than ever, because of the coverage mandates, so as a professional it’s very good for me; as an American who loves his country, it’s a disaster.

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By: senatorseven https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/#comment-3290 Mon, 28 Jan 2013 01:40:02 +0000 http://www.youngadultmoney.com/?p=4648#comment-3290 In reply to Eyesonthedollar.

@Eyesonthedollar I’m actually in the age group that those under 30 will subsidize with their increased premiums, as my premium under the law can’t be more than 3x the lowest premium.  As for staying on parents’ coverage ’til 26, if Obamacare, the failed stimulus, cash-for-clunkers, Dodd-Frank and other horrible economic policies had been replaced by sensible tax and spending policies, perhaps all those 23-26 year olds would be able to find a JOB and wouldn’t need to be on Mom & Dad’s coverage.  I’ve been in the health insurance industry for over 25 years, and nobody I know in the industry is a true fan of this bad law.  It has done and will do NOTHING to control cost, and meanwhile forces all to purchase coverage with inflated premiums due to the underlying cost increases associated with care delivery.

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By: Eyesonthedollar https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/#comment-3289 Mon, 28 Jan 2013 00:46:46 +0000 http://www.youngadultmoney.com/?p=4648#comment-3289 In reply to senatorseven.

@senatorseven I didn’t mean the penalty was deductible just that lower to middle income workers let Uncle Sam withhold too much of their pay and tend to get a refund, so they would use that to offset the penalty. I don’t agree with everything in health care reform. It has been a pain as a health care provider, but I do know many young adults without decent jobs who are able to stay on their parents’ insurance until age 26. I don’t think they feel hosed at all. Young people who choose to pay for premiums will pay more, but when  you get old you might be grateful that things are spread out a bit more. There are always positives and negatives.

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By: senatorseven https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/#comment-3286 Sun, 27 Jan 2013 15:46:00 +0000 http://www.youngadultmoney.com/?p=4648#comment-3286 In reply to Eyesonthedollar.

@Eyesonthedollar The penalty is non-deductible.  Bottom line: Obamacare HOSES young people, who voted for the guy in overwhelming numbers.  Elections have consequences.

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By: StudentDebtSurvivor https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/#comment-3269 Fri, 25 Jan 2013 14:29:20 +0000 http://www.youngadultmoney.com/?p=4648#comment-3269 I absolutely believe that everyone should have access to affordable health care. Key word there being affordable. If you make insurance coverage mandatory and then impose fees for not having insurance, I’m not sure where that will put most young people.  When I was between college and grad school there was a period of time I was uninsured. I wanted insurance of course, but couldn’t afford to buy it on my own. I don’t think they people who chose not to have insurance (most of them at least) don’t buy the insurance because they don’t want it, they don’t buy it because they can’t afford it. So now we’re going to charge them a fine for being unable to afford health insurance, I’m not sure how that will work out?

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By: DC @ Young Adult Money https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/#comment-3262 Fri, 25 Jan 2013 03:45:56 +0000 http://www.youngadultmoney.com/?p=4648#comment-3262 In reply to Plantingourpennies.

@Plantingourpennies Well, from everything I’ve read/heard/looked into (and the rules do change as HHS and the states determine definitions and whatnot) there will be less variations in coverage.  Most plans are going to cover just about everything, and they are going to cover people regardless of sex.  The premiums can vary for age, but like I said it’s going to have much less variation than in the past.

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By: DC @ Young Adult Money https://www.youngadultmoney.com/why-health-insurance-premiums-will-increase-for-young-adults-in-the-united-states/#comment-3261 Fri, 25 Jan 2013 03:43:43 +0000 http://www.youngadultmoney.com/?p=4648#comment-3261 In reply to Eyesonthedollar.

@Eyesonthedollar Well, for those young adults that DO pay for insurance, their premiums will go up ;)

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