Health Care Costs Will Rise 17% For Young Americans Under Obamacare
How’s that hopey-changey thing working out for ya?
Health premiums are expected to rise 17% for young adults under Obamacare.
The AP reported:
Health insurance premiums for young adults are expected to rise about 17 percent once they’re required to buy insurance four years from now. That estimate is from an analysis by Rand Health.
Young people will need to carry more of the burden of health care under the new health overhaul law. The new law limits an industry practice of charging older customers more.
Even so, the pluses could outweigh the minuses. Some 2 million people under age 26 should qualify for coverage under their parents’ health plans. And Medicaid expansion will insure 9 million more young adults.