Obamacare: if you are between 18-34, it is cheaper to NOT enroll | TigerDroppings.com
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CptBengal
USA Fan
BR Baby
Member since Dec 2007
44195 posts

Obamacare: if you are between 18-34, it is cheaper to NOT enroll

quote:

This study finds that in 2014 many single people aged 18-34 who do not have children will have a substantial financial incentive to forego insurance on the exchanges and instead pay the individual mandate penalty of $95 or one percent of income. About 3.7 million of those ages 18-34 will be at least $500 better off if they forgo insurance and pay the penalty. More than 3 million will be $1,000 better off if they go the same route.


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This post was edited on 8/16 at 1:16 pm



Cajun Revolution
George Washington Fan
Member since Apr 2009
44671 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
Definitely. What's 1% income penalty vs. $400 a month premium.


SSpaniel
Ole Miss Fan
Germantown
Member since Feb 2013
3364 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
But... if they get sick or break an arm or something, they have no insurance, right? Or are they automatically enrolled in an exchange?
This post was edited on 8/16 at 1:20 pm


Cajun Revolution
George Washington Fan
Member since Apr 2009
44671 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
Actually the highest eligible premium you will pay be around $364 in the highest income brackets to receive tax credits.


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
23016 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
Pre existing conditions can't be used to deny coverage. Just call them up on the way to the hospital.


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Huevos
Yale Fan
Cypress
Member since Jun 2013
395 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
So... again, its no insurance versus being insured?


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24841 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

3 million will be $1,000 better off
So Obamacare would force people to waste $3B in private capital... Funny... Barry never mentioned that on the CSPAN. debates...


CptBengal
USA Fan
BR Baby
Member since Dec 2007
44195 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

So Obamacare would force people to waste $3B in private capital... Funny...


how do you think they plan to fund the high risk individuals?

this will be laughable when the young healthy, who they need to make this work, balk at just giving fedgov money.


NC_Tigah
LSU Fan
Member since Sep 2003
57902 posts
Online

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

Obamacare: if you are between 18-34, it is cheaper to NOT enroll
That is just the start.

When those young relatively health participants declining coverage are tossed into the actuarials, prices will further spike. Subsequent cost escalation will then impact feasibility of 35-45y/o's to remain covered, which will further increase costs. And so on . . .


Lsut81
USA Fan
Member since Jun 2005
65959 posts
Online

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

About 3.7 million of those ages 18-34 will be at least $500 better off if they forgo insurance and pay the penalty. More than 3 million will be $1,000 better off if they go the same route.


This was said at the time they were sneaking the Bill through... People said that penalty would be less than buying insurance.


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CptBengal
USA Fan
BR Baby
Member since Dec 2007
44195 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

When those young relatively health participants declining coverage are tossed into the actuarials, prices will further spike. Subsequent cost escalation will then impact feasibility of 35-45y/o's to remain covered, which will further increase costs. And so on . . .


so this thing has a built in negative feedback loop?

like it was designed to fail.


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Archie Bengal Bunker
Florida State Fan
Member since Jun 2008
15517 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
People under 30 can get a catastrophic high-deductible plan. It may still be cheaper to pay the penalty, but it was also cheaper to not have any insurance before.


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cajunangelle
LSU Fan
R.I.P. los angeles tiger
Member since Oct 2012
17989 posts
Online

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

Obamacare: if you are between 18-34, it is cheaper to NOT enroll

I wonder if this is evident in the calculator?

LINK


dcrews
UNO Fan
Baton Rouge
Member since Feb 2011
9997 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
1% AGI or a flat 1% of what you earned before taxes, 401k, etc...

If it's a flat 1% before any deductions then I'll just spend the additional $49/mo (for my plan) and have insurance.

It's a brilliant idea on their part, really. 2 possible outcomes: You're either insured or they make money off you via the penalty. Not saying I agree.
This post was edited on 8/16 at 2:07 pm


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24841 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

how do you think they plan to fund the high risk individuals?
I have realized it all along. But I can't help but wonder how many 18-34 Obama voters realized the burden of funding Obamacare was going to fall on them?

But the real story here is the money this will drain out of the economy. And worse for GDP growth, its being drained from a demographic that spends the most money....

And people wonder why the economy is slow to recover?


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ScoopAndScore
baton rouge
Member since Oct 2008
7873 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

This study finds that in 2014 many single people aged 18-34 who do not have children will have a substantial financial incentive to forego insurance on the exchanges and instead pay the individual mandate penalty of $95 or one percent of income

well, duh


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Chimlim
LSU Fan
Baton Rouge, LA
Member since Jul 2005
12055 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

But... if they get sick or break an arm or something, they have no insurance, right? Or are they automatically enrolled in an exchange?


They can just simply buy insurance immediately after this happens.

Hooray for forcing insurance companies to cover pre-exsisting conditions.
This post was edited on 8/16 at 3:08 pm


Layabout
UNO Fan
Baton Rouge
Member since Jul 2011
8245 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
Stupid kids with no insurance. They're being referred to as the invincibles because they think nothing can ever happen to them. It won't be cancer or a heart attack, but a $100,000 hospital bill when they get in a car wreck or fall off a balcony when they're drunk. frick them if they don't want to take responsibility.


CptBengal
USA Fan
BR Baby
Member since Dec 2007
44195 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

Stupid kids with no insurance. They're being referred to as the invincibles because they think nothing can ever happen to them. It won't be cancer or a heart attack, but a $100,000 hospital bill when they get in a car wreck or fall off a balcony when they're drunk. frick them if they don't want to take responsibility.



those stupid kids are the crutch that supports Obamacare.

if they dont play, this whole thing goes sideways.


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kaleidoscope tiger
Member since Aug 2012
370 posts

re: Obamacare: if you are between 18-34, it is cheaper to NOT enroll
quote:

They can just simply buy insurance immediately after this happens.


Getting insurance immediately after you break your neck won't cover the injury. Unless you wait until all the paper work is filled out to go to the hospital, in which case you deserve to die anyway.


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