Tags: obamacare | insurance | coverage | youth

Obamacare Expert: Young People Will Opt out of Insurance Coverage

By Bill Hoffmann   |   Wednesday, 25 Sep 2013 06:38 PM

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.


© 2015 Newsmax. All rights reserved.

1Like our page
2Share
Newsmax-Tv
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.
obamacare,insurance,coverage,youth
1688
2013-38-25
 

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