Study: Health Insurance Rates Will Go Up for Young Adults Under Obamacare

Monday, 07 Jan 2013 02:59 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A new study predicts that health premiums could increase as much as 40 percent for young adults once Obamacare goes into effect in 2014.

The concern, according to a study published in “Contingencies” magazine, is that an influx of relatively healthy people will tip the balance away from those with immediate health needs, which will drive up the cost for individuals between the ages of 21 and 29, The Hill reports.

"This means that close to 4 million uninsured individuals . . . can expect to pay more out of pocket for single coverage than they otherwise would, even given the availability of premium assistance," the study’s authors wrote.

According to the study, the 21- to 29-year-old age group has roughly twice the number of uninsured members. This, combined with variables like qualification for vouchers, makes rates somewhat unpredictable.

"Higher rates for the younger population combined with low mandate penalties during the first years of the ACA implementation will result in adverse selection because younger individuals are likely to choose not to purchase coverage," America's Health Insurance Plans (AHIP) wrote in comments to HHS.

“When these younger individuals do not enroll, destabilization of the individual market will occur, premiums will increase in the individual market for enrollees of all ages, and enrollment will decline."

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ralph Peters: 'Psychological Problem' Makes Obama Indecisive

Tuesday, 02 Sep 2014 22:57 PM

President Barack Obama isn't making decisions on major world events because he isn't capable of doing so, retired Lt. Co . . .

Republicans Call For Swift Action Against ISIS

Tuesday, 02 Sep 2014 21:28 PM

Republican lawmakers sounded a clarion call for quick, decisive action against Islamic State (ISIS) militants after the  . . .

ISIS Apologizes - for Releasing Beheading Video too Soon

Tuesday, 02 Sep 2014 22:40 PM

Islamic State (ISIS) militants apologized after releasing a gruesome video that purports to show the beheading of Americ . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved