- Moderator
- #1
Actually, I think a 42% increase on adults aged 21 to 29 is a fantastic thing. They voted for this clusterfuck so they can feel the consequences of their ignorance and stupidity.
The study says a provision linking prices for older and younger patients could raise costs on the young.
Young adults will see higher health insurance premiums under the Affordable Care Act (ACA) because of a provision that links prices for older and younger patients, according to a new study.
Actuaries at management consulting firm Oliver Wyman predicted the law's age rating restrictions could mean a 42 percent hike in premium costs for people aged 21 to 29 when they buy individual coverage.
"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," study authors wrote.
President Obama's signature healthcare law limited the amount insurers can charge older people for their health insurance to a maximum of three times the amount younger people pay.
Supporters say age rating restrictions are necessary to ensure seniors are charged fairly for health insurance.
Critics of the law argue the requirement will raise costs for young adults and lead them to forgo health insurance, destabilizing the individual market for coverage.
Study predicts health law will raise premiums on young adults - The Hill's Healthwatch