Well they've only got themselves to blame. Those "Rock the Vote"rs who also engaged in the "F*** the Vote" campaign. As can be be witness in the following video on the Rock the Vote website, young people were incouraged to withhold sex from those who disagreed with the health care bill, and to reward those who agreed with l'amour.
http://www.rockthevote.com/issues/health...Aside from being healthier by abstaining from gratuitous sex, you know there are a lot of STD's out there, they would have had a bit more walking around money to boot. It seems that the younger generation have screwed themselves in the bargain.
Under the health care overhaul, young adults who buy their own insurance will carry a heavier burden of the medical costs of older Americans. This shift is expected to cause a significant increase in their premiums, beginning in 2014, when most Americans will be required to buy insurance, or pay a tax penalty. The climb in premiums will likely be between 17% and 20%, or roughly $42 per month. An analysis done for the AP did not factor in tax credits to offset the increase.
The new law relies young adults to shoulder more of the financial load in newly formed health insurance risk pools. This will cost them an additional $300 to $500 per year. Depending on their income, they might also qualify for tax rebates on the amount they pay.
The Insurance industry's practice of charging more for older customers, the most costly to insure, is the issue. The health care bill curtails how much insurers can raise premiums according to age. It limits the ratio for older people to 3-1, meaning it can only charge 3 times for a 50 year old what it would charge for a healthy 20 year old. The old formula was usually 6 to 7 times. The rest will be absorbed by the higher premiums for the young.
Surely, there are benefits that balance out the negatives for some young people. Later this year, many young people will be eligible to ride on their parent's policies, that is, if their parents have policies that allow for dependents. Tax credits will also be available for those who make less than $43,320 for a single person. The credits will vary due to income and premiums paid. This is still a far cry from the "No new taxes for those earning less than $200k" promise we all heard.
Low income singles will be covered by Medicaid.
But on average, people under 35 who are paying for their own insurance will be paying more, according to the study done by Rand Health, research division of the Rand Corp. The young adults probably would have been better served by letting them purchase catastrophic illness insurance, and then pay for the various miscellaneous expenses out of an HSA.
After all, that's what Keith Olberman does.