Comments on: Will Young Adults opt-out of Health Insurance? Economics Lessons from Health Care Reform https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/ Make More. Save More. Live Better. Sat, 25 May 2013 13:09:11 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: MD Kennedy https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/#comment-5288 Sat, 25 May 2013 13:09:11 +0000 http://www.youngadultmoney.com/?p=3730#comment-5288 Personally, I think the US needs to get over the lobbyists (they should be illegal!) and move towards a “universal” health care plan like Canada’s.  Just bite the bullet already or being healthy will be too expensive except for the very rich.

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/#comment-2313 Sun, 09 Dec 2012 22:05:56 +0000 http://www.youngadultmoney.com/?p=3730#comment-2313 In reply to Gen Y Finance Journey.

@Gen Y Finance Journey Hmm maybe I was thinking of something different.  Thanks for passing along the link!

]]> By: Gen Y Finance Journey https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/#comment-2312 Sun, 09 Dec 2012 21:46:31 +0000 http://www.youngadultmoney.com/?p=3730#comment-2312 In reply to DC @ Young Adult Money.

@DC @ Young Adult Money From what I understand, it will go up to a maximum of $2085 by 2016. http://www.nytimes.com/2012/06/30/us/health-care-act-questions-and-answers.html

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/#comment-2311 Sun, 09 Dec 2012 21:26:25 +0000 http://www.youngadultmoney.com/?p=3730#comment-2311 In reply to OutlierModel.

@OutlierModel Well now in the States you can get the best care AND afford it!  Premiums will rise to offset the increase in medical expense overall, but that’s a choice that our nation made…I’m still just trying to figure out how they plan on affording all these expenses.

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/#comment-2310 Sun, 09 Dec 2012 21:25:12 +0000 http://www.youngadultmoney.com/?p=3730#comment-2310 In reply to Gen Y Finance Journey.

@Gen Y Finance Journey The penalty really doesn’t increase much, though.  It might go up by $100 or so (I honestly don’t know the exact figures).
 
And yes, insurance is so important.

]]> By: Gen Y Finance Journey https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/#comment-2309 Sun, 09 Dec 2012 21:12:07 +0000 http://www.youngadultmoney.com/?p=3730#comment-2309 It’s only in the first year that the penalty is as low as $95, so I think many of the people who elect to pay the $95 penalty might change their mind the following year when the penalty goes up. 
 
I personally think health care subsidization is very important, but more important is bringing down the cost of health care. When I had appendicitis earlier this year, the bill was $25,000. And I only stayed in the hospital for one day! It just doesn’t seem right to me that something that 1 in 10 people will get, that will kill you if you don’t operate, costs $25,000. If I didn’t have insurance, I would have been screwed!

]]> By: JustinatTheFrugalPath https://www.youngadultmoney.com/will-young-adults-opt-out-of-health-insurance-economics-lessons-from-health-care-reform/#comment-2308 Sun, 09 Dec 2012 02:01:55 +0000 http://www.youngadultmoney.com/?p=3730#comment-2308 It should be interesting. People exhibit weird behavior once they have to pay a tax. My fear is the action that businesses will take to avoid paying their tax. But that’s a whole different can of beans. I’m just glad that we have insurance through my wife’s work.

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