Yeah, ObamaCare is great for young people......

Nearly 4 million young people will be much better off financially if they refuse to buy an ObamaCare insurance policy and instead pay the fine for going without coverage next year, according to a study released Thursday by the National Center for Public Policy Research.

The study found that 3.7 million childless single people age 18-34 would save at least $500 if they didn’t buy insurance and instead paid the tax penalty next year. Of those, more than 3 million would save at least $1,000.

That’s despite the heavy taxpayer subsidies many of these young people would be eligible to get. The ObamaCare insurance exchanges provide tax credits to offset the cost of insurance to those with incomes up to 400% of the poverty rate. …

“This age group must buy insurance in the exchanges to cross-subsidize people who are older and sicker,” explained David Hogberg, a policy analyst at the conservative National Center. “Without them, the exchange will enter a ‘death spiral’ where only the older and sicker participate and the price of premiums increases precipitously.”

BladeRunner wrote: 

http://hotair.com/archives/2013/08/16/study-obamacares-bum-deal-for-young-people-quantified/

   Nearly 4 million young people will be much better off financially if they refuse to buy an ObamaCare insurance policy and instead pay the fine for going without coverage next year, according to a study released Thursday by the National Center for Public Policy Research.

   The study found that 3.7 million childless single people age 18-34 would save at least $500 if they didn’t buy insurance and instead paid the tax penalty next year. Of those, more than 3 million would save at least $1,000.

   That’s despite the heavy taxpayer subsidies many of these young people would be eligible to get. The ObamaCare insurance exchanges provide tax credits to offset the cost of insurance to those with incomes up to 400% of the poverty rate. …

   “This age group must buy insurance in the exchanges to cross-subsidize people who are older and sicker,” explained David Hogberg, a policy analyst at the conservative National Center. “Without them, the exchange will enter a ‘death spiral’ where only the older and sicker participate and the price of premiums increases precipitously.”

UPS cited the impact of Obamacare on health-care costs in announcing the move, which deprives the 15,000 spouses of the option of keeping their current coverage, an Obama promise.

Freedom Forever wrote:http://m.csmonitor.com/USA/Politics/2013/0824/UPS-drops-health-benefits-for-15-000-spouses.-An-Obamacare-bellwether

UPS cited the impact of Obamacare on health-care costs in announcing the move, which deprives the 15,000 spouses of the option of keeping their current coverage, an Obama promise.

Darth Cheney wrote:Smoke a blunt..have a grape drank and enjoy:

Skeptical wrote:Not sure why but I keep looking for St John the Thornton to show up and remind you Obama is more truthful and honest than anybody!

In the meantime though the self appointed resident expert on all matters Obama will be along to argue the point ... well, deflect anyway.