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| Credit: www.veteranstoday.com |
“Millennials,” the group of young people born after 1980, overwhelmingly voted in 2008 for politicians who promised “health care for all” and sponsored the “Affordable Care Act” (aka Obamacare). Sadly, young people took on faith the promises of an orator and did not read the text of the law before it was passed on a 100 percent Democrat partisan vote by politicians who didn’t read it either.
These millennials are finding out they’ve been “had” in promises not kept. Their health insurance premiums are skyrocketing. Their mandated coverage is far broader (ergo, more expensive) than many healthy young people need. Their choices of doctors and hospitals are now limited.
Because young people voted in droves for Obama in 2008 and 2012, architects of the health-care law assumed they would “vote” for the ACA by enrolling in Obamacare. Young people, however, are pretty savvy. They have learned a lesson: Read what you sign up for before you buy. They are not signing up as anticipated.
Here are the top eight ACA harms to young millennials:
1) Health insurance premiums are much higher. Before ACA, a young person typically paid $100-150 per month for a basic policy. Now, for Aetna’s ACA-compliant Classic Silver Plan, a young person making $25,000 per year would now pay $2,424/year (10 percent of income) in Arizona, or $3,576/year in Illinois.
2) Deductibles have doubled, tripled or quadrupled. For the plans above, before the ACA, a young person paid $1,000-$2,000 out of pocket to meet the deductible before insurance coverage started. After the ACA, average deductibles range from $4,000 to $6,000 before insurance starts to pay!
3) Today’s millennials are less able to afford insurance than baby boomers were at their age. Millennials may be more educated, but they have also accumulated greater debt and face a stagnant employment and income situation – partly created or worsened by ACA. In 2014, nearly half of the unemployed in the U.S. are under 34. That is a catastrophic change from the year 2000. Then, the U.S. had the lowest unemployment rate for those 18-34, compared to other wealthy economies.
Read the full story: www.wnd.com
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