Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Man Tries to Order Priciest Starbucks Drink Ever Total cost: $23.60 »

Young Adults Will Pay Steep Price for Health Reform

Insurance will be cheaper, but not cheap, and they'll be forced to buy it

By Rob Quinn,  Newser Staff

Posted Sep 16, 2009 6:22 AM CDT

(Newser) – Young adults are the demographic most firmly behind President Obama and health care reform, but they may also end up funding a disproportionate share of it, the Washington Post reports. Requiring young adults to sign up for health insurance is a key part of reform plans, as it will ensure low-cost additions to the insurance pool who will effectively subsidize their older, sicker counterparts.

The reforms will help the estimated 10 million uninsured Americans aged 19 to 26 find inexpensive plans, but many of them—dubbed the "young invincibles" by insurance firms—have decided that they either don't need insurance or would rather spend the cash elsewhere. All the plans on the table require all adults to sign up for at least minimal coverage, meaning health insurance is likely to become a significant new expense for many under-30s—assuming they don't just opt to pay a penalty for not having it. With proposed penalties set at $750 or $950, that may be less than the cheapest plan's price tag.

President Barack Obama pauses during a health insurance reform rally, Saturday, Sept. 12, 2009, in Minneapolis.
President Barack Obama pauses during a health insurance reform rally, Saturday, Sept. 12, 2009, in Minneapolis.   (AP Photo/Haraz N. Ghanbari)
Young supporters of  Barack Obama voice their support for him early on Election Day last year.
Young supporters of Barack Obama voice their support for him early on Election Day last year.   (AP Photo/Mark Lennihan, File)
Anna E., of New York, right, and others participate in a vigil to support a public health insurance option Wednesday Sept. 2, 2009 in New York.
Anna E., of New York, right, and others participate in a vigil to support a public health insurance option Wednesday Sept. 2, 2009 in New York.   (AP Photo/Tina Fineberg)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Showing 3 of 30 comments
cornelison
Sep 16, 2009 11:36 PM CDT
Isn't there a name for health insurance companies? Oh yes, extortionists. Kinda like organized crime but legal.
cornelison
Sep 16, 2009 11:32 PM CDT
Good call. Anytime, anywhere is an illness or accident waiting to happen. They'll be dumped from their insurance plan once they become sick or if they even have one tiny health problem (preexisting condition).
Guest
Sep 16, 2009 7:46 AM CDT
You are right. nobama is a liar and this health program will in the end cost trillions and the ignorant of our nation as well as the rest of us will have to pay. They may not be thinking about it now...but they will. It is unfortunate that there are so many ignorant people in this country who should not be allowed to vote because they are not responsible enough to research the issues or think about the implicaitons.

More Newser Stories

Obama Crafts Scaled-Down Health Care Plan B

No More Co-Pay for Birth Control: Obama

Current Care Kills More Than 'Army of Death Panels'

How the Dems Can Save Obamacare

Obama on Right-Wing Radio: 'We're Going to Get It Done'


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne