Obamacare Expert: Young People Will Opt out of Insurance Coverage

Wednesday, 25 Sep 2013 06:38 PM

By Bill Hoffmann

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Young people will rebel against the Affordable Care Act, opting to pay a penalty rather than sign up and see their premiums increase, according to Sally Pipes, president of the Pacific Research Institute and Author of "The Cure For Obamacare."

"Young people are going to say, why would I do this?" Pipes told "The Steve Malzberg Show" on Newsmax TV.

Story continues below video.



"Young people are not going to [sign up], the older and sicker people will, and insurance companies are going to have a hard time making ends meet."

Pipes also fears the Affordable Care Act will harm the medical device and drug industry with new taxes that are being imposed.

"America is the innovator in new medical devices, new pharmaceuticals, biologic, and these taxes are going to kill the goose who laid the golden egg which allows us to live longer and healthier lives," she said.

"But this health insurance tax, the tax on pharmaceuticals, all of these things are increasing the cost of healthcare … Many people are going to be absolutely shocked."

The Pacific Research Institute is a San Francisco-based, non-profit think tank that advocates for personal responsibility and individual liberty in national and state issues.

See the Steve Malzberg Show on Newsmax TV each weekday live by Clicking Here Now

You can listen to the Steve Malzberg Show each weekday live from 3-6 PM ET on SiriusXM 244.


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  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:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ex-Reagan Official: Castros Are Crowing Over US-Cuba Deal

Thursday, 18 Dec 2014 19:45 PM

Cuba's communist leaders must be ecstatic - and a little stunned - over the deal they just got from President Barack Oba . . .

Markets Researcher: US-Cuba Deal Good for Both Economies

Thursday, 18 Dec 2014 19:02 PM

Renewed diplomatic relations between the United States and Cuba, and an easing of decades-old travel and commercial rest . . .

Ex-CIA Officer: 'Expect No Changes' From Cuba After Deal

Thursday, 18 Dec 2014 17:31 PM

A prisoner swap and a resumption of relations between the United States and Cuba will enrich the communist nation's dict . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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