Why Is Obamacare Raising Premiums on Young Adults?

Many Americans are worried about the cost of Obamacare, and the opening of the health-care exchanges has millions of would-be insurance buyers seeing rates they'll pay for the first time. Several studies have shown that young adults in particular are likely to pay more under the Affordable Care Act. But why is this the case, and what impact will it have on Obamacare's success?

In the following video with Dan Caplinger, the Fool's director of investment planning and author of the special free report "Everything You Need to Know About Obamacare," Motley Fool health-care bureau chief Max Macaluso asks Dan about the controversial topic of why many young adults will pay more. Dan cites one study that points to increases for young adults in all 50 states, with very large increases in some areas of the country. Among the reasons are the fact that many young adults prefer lower-cost policies that don't provide as comprehensive coverage as Obamacare requires, essentially forcing them to upgrade to coverage that many of them don't believe they need. Moreover, technical aspects of the Affordable Care Act also promote more even distribution of insurance premium costs across the age spectrum, potentially putting some of the overall health-care burden on young adults that they otherwise wouldn't have to bear.

Max and Dan conclude with a discussion of the potential investing fallout from higher premiums on young adults. With President Obama and former President Clinton both pointing to the need for young adults to participate in the health-insurance exchanges for Obamacare to reach its full potential, a failure to attract enough young adults could cause problems for the program and for WellPoint (NYSE: WLP  ) , which has been most aggressive in establishing exchange-based coverage options. Yet even UnitedHealth (NYSE: UNH  ) and Humana (NYSE: HUM  ) , which haven't participated as much as WellPoint, could see fallout if young adults give up on seeking health insurance entirely.

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  • Report this Comment On October 12, 2013, at 10:35 AM, jimmymae wrote:

    Why Is Obamacare Raising Premiums on Young Adults? Cause your working for Obama now.

  • Report this Comment On October 12, 2013, at 2:04 PM, airjackie wrote:

    Dan if you were ever young in the United States of America you would know everything is higher for youth. Try getting your car insurance and check out when you finally get lower rates. College kids live the life of risk and get down with the party and life is fun and wild. But no one thinks when they get drunk or sick that visit to the hospital will cost. Look at who is camped out for an IPhone and those Lady GaGa tickets that are priced over the roof. I went to see a sold out Concert with Coldplay and price was no problem. If you want it you can buy it. Look at most families who buy their kid their first car and yes pay that insurance. This plan of health insurance was formed in 1973 and Obama 12 years old and had President Nixon passed it we would not have this as a topic.

  • Report this Comment On October 12, 2013, at 2:21 PM, rdmcdonald48 wrote:

    Mr. Obama needs the "young" people to be the revenue stream; pay into something for 10 to 20 years before you start to need to use it.

    Think of this; you're 25, you're healthy; your premium is $ 200 per month. At age 35 you have an illness that requires using Obamacare; you have paid in $ 24,000.00 in premium over 10 years; and you have a $ 10,000 deductible.

    The illness costs $ 9,000 to treat and cure; you pay it all. Obama (the government) has $ 24,000 of your money, and you still owe his system (the government) $ 1,000.00.

    If you had an HSA (Health Savings Account) of your own; and paid the same $ 200 a month into it; you would have $ 15,000 in the account, and not owe the government a dime.

    Which is better for you as a young person?

  • Report this Comment On October 12, 2013, at 2:35 PM, pmoney4848 wrote:

    I always place you Fool's towards the head of the class, but another article fueling partisanship?

    Be a front runner. Compose an in depth article illustrating conditions written into the PP ACA law regarding Phases 2 and 3. You know the real impact dollars. Don't forget to include all the new taxes, charges, fees and penalties.

  • Report this Comment On October 12, 2013, at 2:59 PM, jhs39 wrote:

    Saying that insurance premiums for young people are going up is a little misleading when you are comparing catastrophic health insurance with comprehensive health insurance. Forcing everyone to have insurance coverage will supposedly lower the cost of health care because it will spread the risk pool among the entire population and prevent people who don't have insurance from getting their care at the emergency room, which almost nobody without insurance can afford to pay for. Catastrophic insurance plans do not cover emergency room visits or any other routine medical care so they wouldn't really have any positive effect under the theory Obama-care is using. I personally think that the insurance subsidies are going to prove to be far more expensive than whatever savings is created in premiums by forcing everybody to get insurance (which is what happened in Massachusetts). Without any price controls for premiums or medications Obama-care isn't going to make health care more affordable--it's just going to pour tax money into a terrible system so more people can be a part of it. The majority of people who file for bankruptcy because of medical bills actually have health insurance. Most people who have to choose between buying food or filling their prescriptions have health insurance. Trying to force everyone to buy insurance doesn't reform what is easily the most expensive health care system in the world.

  • Report this Comment On October 12, 2013, at 3:04 PM, RFTECH3000 wrote:

    Car insurance is more expensive for young people because they have a much higher risk factor because they are inexperienced !

    Insurance is a risk based business , if you have a high risk you pay more therefore young people who have less risk of getting seriously ill used to pay less !

    But now the ACA forces insurance companies to offer more (for many of us useless ) services and to take on high risk customers but denies the insurance companies to charge them more so the carriers do whats called "leveling " , they charge the younger more to pay for the higher risk of the older folks , its a big rip off essentially !

  • Report this Comment On October 12, 2013, at 3:04 PM, republicaneagle wrote:

    This is Obama's thank you for voting for him, you dumb liberal young people. Now you can pay the price with high health insurance. Obama should be paying for everybody's insurance. He has enough money to cover it.

  • Report this Comment On October 12, 2013, at 3:07 PM, RFTECH3000 wrote:

    Young people are healthier so there is less risk of them getting sick but they have a higher risk of being in a accident BUT you can buy a policy that covers your medical bill in case of a accident cheaper than health insurance and unlike healh insurance you don't have a deductible !!

  • Report this Comment On October 12, 2013, at 3:10 PM, Kngrthr wrote:

    Because the government needs your money.We are now in "1984".

  • Report this Comment On October 12, 2013, at 3:11 PM, RFTECH3000 wrote:

    my insurance was $196 a month , now I cant keep my plan and the replacement policy is $365 a month which means that I will kiss my insurance goodbye and take the fine !

    I got insurance that covers all the medical bills if I have a accident and my car insurance covers my medical bills if I am in a wreck so the most catastrophic events are covered and it only costs me $100 a month , less than what I ever paid for health insurance so in one way I have to thank Obama because without obamacare id never figured that out

  • Report this Comment On October 12, 2013, at 3:11 PM, RFTECH3000 wrote:

    what the government wants from you is simple :

    - your vote

    - your money

    - your guns

  • Report this Comment On October 12, 2013, at 3:12 PM, dom23415 wrote:

    Irony! I love it they were the ones backing him by the millions in his first election.. not so much in the second, and will hate liberalism by the end of his 2nd term but not before they will have witnessed the biggest destruction ever levied on America

  • Report this Comment On October 12, 2013, at 3:14 PM, iflyboats wrote:

    ObamaCare: caring for the sick by making life impossible for the healthy.

  • Report this Comment On October 12, 2013, at 3:23 PM, CaptAmericaa1 wrote:

    It's really pretty simple. We need to subsidize something like 100,000,000 americans? Somebody has to pay.

    Young people got tapped when obama took over student loans and charged 6-8% for loans to help pay for obamacare, they didn't object, so he's going back for more. The people that need it the least will help pay for the people that need it the most.

  • Report this Comment On October 12, 2013, at 3:25 PM, ther92 wrote:

    So why were we lied to about every important aspect of this monstrocity? Why will you Libs keep voting for fools like this?

  • Report this Comment On October 12, 2013, at 3:27 PM, ther92 wrote:

    So what happens Capt..when those that need it least don't take it and just pay the piddlin penalty instead of a $100+ a month with co-pays and high deductables?

  • Report this Comment On October 12, 2013, at 3:27 PM, BabaKumbe wrote:

    The ACA is a whole life health plan. It is not the term plans offered through group coverage. As a whole life plan, it covers everyone including those with pre- existing conditions. When you stop to consider that most young Americans will develop diabesity, or diabetes and obesity related chronic disease, a plan that covers you for a lifetime is is a good thing. And, if you have annual screenings and checkups, you are more likely to deal with chronic illness when it is treatable.

  • Report this Comment On October 12, 2013, at 3:30 PM, tristinstone wrote:

    Why are premiums going up on young people? Because this is nothing but another pyramid scheme? And Obama will be at the top getting filthy rich.

  • Report this Comment On October 12, 2013, at 3:40 PM, SSBN620 wrote:

    The way to enjoy socialism best is to just refuse to work. You get better benefits, you don't get robbed paying taxes, and you've got so much more free time. If you must work, do it off the books, or do something illegal, just don't mess with all that free g-money you're entitled to, like Obamacare.

  • Report this Comment On October 12, 2013, at 3:41 PM, ther92 wrote:

    Sorry BabaKumbe, but "whole life" and "term" are life insurance terms and don't apply here, and Obamacare is also based in group coverage. You need to educate yourself a tad before making ignorant comments.

  • Report this Comment On October 12, 2013, at 4:05 PM, hannahconcannon wrote:

    Well lets see, There are NO exceptions or pre-existing conditions; people who can't afford it are essentially given it free; people with low income are subsidized; Who do you think has to pay for all of this largesse?

  • Report this Comment On October 12, 2013, at 4:11 PM, desuhu wrote:

    $15,000 wouldn't be a drop in the bucket to pay for some major accident or illness.

  • Report this Comment On October 12, 2013, at 4:13 PM, studioj wrote:

    Why? Cuz they were foolish enough to vote for him.

  • Report this Comment On October 12, 2013, at 4:18 PM, julio2 wrote:

    Young adults "might not be the biggest beneficiaries"? What? They are the biggest losers because of Obamacare. Who pays you guys to spin this stuff?

  • Report this Comment On October 12, 2013, at 4:25 PM, tcloinger wrote:

    I have a real problem with the ACA. As a citizen, I would like to know when this madness is going to stop.

    First, this is a major action that could solve a good part of the problem with insuring approximately 30 million americans as an alternate to the insane law called the ACA.

    From what I have read and I believe it is accurate, the initial cost to implement the ACA was estimated to cost tax payers $95,000,000. Presently, we have spent $635,000,000 to implement and it is a total mess and will probably cost 100's of more millions to fix. Why don't we look at the numbers:

    $635,000,000 divided by 30,000,000 people = $18,142,857 per person. (please tell me how insane is this)

    Right now, all the republicans and some democrats can stop this by doing the following to avoid the future train wreck coming if the ACA is fully implemented:

    Open a personal medical account in the private sector for each uninsured american. Appoint an administrator(s) to oversee the accounts. Then deposit $2,000,000 in each individuals account which would be $60,000,000 from the government instead of the 100's of millions that is going to be spent. Each individual account can only be used to purchase medical insurance and a panel can set the pricing for the different plans the insurance companies have available.

    Now, based upon the persons livelihood, he or she would be obligated to pay monthly payments to their account probably $50.00 to $100.00 respectfully. In the private sector, one should be able to get a safe investment with at least a 02% interest on the monies.

    $2,000,000 X .02% interest = $40,000/year interest. $40,000 divided by 12 = $3,333.00 per month to pay their policy. Just think, the account would take many many years to drain, if at all. When the person no longer needs the account, it can be administered to another person or go back into the Treasury.

  • Report this Comment On October 12, 2013, at 4:26 PM, jprizoli wrote:

    This is no different that ANY type of insurance for anything. Just look at auto insurance. People against this new Healthcare seem to overlook that for some reason.

    This new healthcare has not even gotten off the ground and all the haters say what it is GOING to do...Must have crystal balls...History shows that most of the time..the so called experts are wrong. No one can judge this system after one week. Are you kidding?? This has to be examined after at least after a year. Really, how ridiculous is that. Apply this to any other new system but this is supposed to be different? On Jay Leno last night, he was doing a streetwalking thing...People interviewed did not like Obamacare but thought the Affordable Care Act was good....This just shows you what the issue really is. These haters are just placing every singe issue under a microscope and just ignoring anything that is or will work...just human nature I guess. It is called rationalism. They use anything that fits in...even if they have to dig 100 feet down to find the 'stuff'.

  • Report this Comment On October 12, 2013, at 4:26 PM, GymS wrote:

    BUHBUHBUHBUHBUH, I'm lovin' it.

    How's those new much higher premiums workin' for 'ya? And, uhh Yep, I'm Speaking to the 20/30 something iphone generation obamavoters, that so dearly love their leader. Looks like you won't have much left for Saturday night concert tickets and dope.

  • Report this Comment On October 12, 2013, at 4:36 PM, ZAP1ROWSDOWER wrote:

    Someone has to pay for all those who can't. Also, the younger people will pay into it and not have to use them while the older and/or sicker people will reap the benefits. But since young people can be obese and unhealthy more and more of them will have to take advantage of the benefits causing too much to be paid out and not enough to be paid into it.

  • Report this Comment On October 12, 2013, at 4:37 PM, edwood3886 wrote:

    Don't forget. Few doctors will accept the exchange coverage

  • Report this Comment On October 12, 2013, at 4:50 PM, hbk72777 wrote:

    Pyramid scheme

  • Report this Comment On October 12, 2013, at 4:53 PM, MUMZdWORD wrote:

    GOP and the NRA pay for BOTS to troll you on YAHOO. You think Yahoo ISN'T making money off of it? Why would they allow it otherwise? They have FULL control over these boards.

  • Report this Comment On October 12, 2013, at 5:04 PM, 99ta1 wrote:

    OBAMACARE needs young health members to pay out the nose so the old sickly members can afford their insurance - if the young don't join the old won't get covered and OBAMACARE fails - now , if the young get sick and go to the doctor and don't stay healthy the OBAMACARE will also fail - the DEMOCRAT'S are depending on the young and healthy to carry the cost burden, as the older sickly can't afford high cost insurance or they would already be covered - this OBAMACARE / Affordable Health Care Act is only a new way for the Government to intrude upon the general public - if it was so perfect - the everyone would be flocking to purchase it - and the elected officials would not be trying to find a way out of it

  • Report this Comment On October 12, 2013, at 5:12 PM, ayhanozaras wrote:

    This is misleading as I think it depends on what state you live in. A young woman I know was paying around 500.00 a month and her insurance is dropping to a little over 100.00 a month. She makes about 2,000 a month. Now if young people are making big bucks and don't have insurance they are just ignorant. My nephew spent 3 weeks in the hospital from a spider bite and he was in his 20's. I know a man in his 30's that has melanoma which is a serious cancer on the side of his head. He has already had two operations and will have chemo/radiation etc. My husband's hospital bills for stage IV cancer was over 200,000. I hope if you don't have insurance you got a big savings account because illness doesn't discriminate between the young and old.

  • Report this Comment On October 12, 2013, at 5:39 PM, daddyowarbucks wrote:

    Why Is Obamacare Raising Premiums on Young Adults? Well it comes with Higher taxes on the young to pay off all of this administrations debt, higher social security to pay for the old people. It's all part of the same wealth redistribution scheme. Now get working so you can satisfy the Presidents goal!

  • Report this Comment On October 12, 2013, at 6:06 PM, danmcn3812 wrote:

    As a 28 year old male, I work a full-time job that pays ok, however I will not support anymore economic realignment. If you can't afford it....tough. These socioeconomic programs are out of control. Social Security I will pay my whole life and never see and I am understanding to that. I would never have the life of I have now without those that came before. Medicare and Medicade came before me so I will live with it. However, I am done supporting others outside of my free will. The government needs to get out of the way of the people and accomplish something of value for young americans, like not spending my future income in 2030 today.

  • Report this Comment On October 12, 2013, at 6:12 PM, Freebird96 wrote:

    Simple: to pay for everyone's irresponsibility for their own health. Lets make the healthy pay for other people's bad choices: obesity, type 2 diabetes, unplanned pregnancies that bring on dire consequences when not discovered until later, etc.....,

    Our country is in ruins, and our founding fathers ae rolling over in their graves. Too much gov. control and no room/right to make our own choices; if/when--many==do, just blame it on the government.

  • Report this Comment On October 12, 2013, at 6:38 PM, clloyd53 wrote:

    When you are over 60 they target you with depends and drugs to help with bowl movements.

    Between 40 and 60 they target you for retirement investment and life insurance.

    Between 30 and 40 furniture and family vacations.

    Under 30 and they consider you ignorant and your income disposable. So you are targeted with 60% of all advertising. Obamacare is competing with electronics, smart cars and fashion. Betting that you are ignorant and willing to spend big money and be cool with Obamacare.

  • Report this Comment On October 12, 2013, at 7:05 PM, darnash wrote:

    So, can anyone explain to me why this whole program was not simply run on an expanded medicare program? Judge Roberts called the penalty a tax. So, if medicare tax on your paycheck was simply doubled, let's say, then everyone would see a tax increase, as it was called, and be covered under medicare rather than starting some brand new program. Your children up to 18 years old are covered also. I guess that is just too simple for government. They are incapable of doing anything simply. So, maybe I have answered my own question.

  • Report this Comment On October 12, 2013, at 7:10 PM, darnash wrote:

    There is another reason why rates are so why generally. Very few people actually do the lifestyle actions that would keep themselves healthy. Have you seen the number of fat people? And we are all paying for them. Have you seen the number of people taking drugs and drinking and smoking, etc. etc.? And we are all paying for them. We are all part of an enabling society that really does not support personal responsibility. We are all to feel sorry for them and not judge. Therefore, people will not actually get healthier under this system because doctors do not tell people to get control of their lives and do the right things.

  • Report this Comment On October 12, 2013, at 7:21 PM, sunderll wrote:

    Considering that the failed Obamacare website was estimated to cost $100,000,000 (million) and now costs $640,000,000 (million), and doesn't work, we have before us a classic example of how any program is a massive debacle. Medicare was estimated to cost $11 BILLION the first year it was introduced...after one year it cost $110 Billion, ten times more than estimated. Did that program get fixed to eliminate the massive waste? Nope, they just raise taxes and pour money into a failed program...and the program which is insolvent never goes away. It's just a horrific money pit.

  • Report this Comment On October 12, 2013, at 7:23 PM, kickchina wrote:

    Very shallow article. It will all depend on their income, many will get subsidies that they do not get now. How did he fail to mention that point? Also, young people can have issues like epilepsy etc , good luck finding a policy before Obamacare. This is a good thing. We need to focus on cutting entitlements, including SS and medicare. Those are programs that are breaking this country. Time to stand up to whiny elderly.

  • Report this Comment On October 12, 2013, at 7:35 PM, thecarnivore123 wrote:

    Stop with all the Obamacare articles. This thing already failed. Move on.

  • Report this Comment On October 12, 2013, at 7:57 PM, TheHeiress wrote:

    When I was young and healthy I purchased inexpensive health insurance that had a very very high deductible. I went to the doctor when needed and paid the bill myself because I never met the deductible in any given year. I saved thousands every year and eventually I was what you would call "self-insured" from all the savings I had from not buying expensive health insurance. Under Obamacare a young person could not do this.

  • Report this Comment On October 12, 2013, at 8:48 PM, 2smartforlibs wrote:

    But didn't the liar in charge and I quote say " YOU can keep your doctor and your healthcare cost will go down"? Damn that Messiahs got to be looking bad even to the die hards by now since 51% says he's self serving (PMSDNC WSJ pool)

  • Report this Comment On October 12, 2013, at 9:41 PM, NoMoeMoney wrote:

    Its al cool bros, got my skateboard and joints, no worries I never go to the hospital, its jak ! But I aint payin no monthy payments, oh noo.....

  • Report this Comment On October 12, 2013, at 10:35 PM, GaryLockhart wrote:

    Premiums are high on young people because Soetorocare is another liberal Ponzi scheme along the lines of Social Security. Kids don't rate one of the 1000's of exemptions that the dictator has been illegally handing out. He's played you mushheads for the suckers that you are.

  • Report this Comment On October 12, 2013, at 10:38 PM, rdogg9900 wrote:

    tcloinger.... $635,000,000 divided by 30,000,000 people is $21.1666.... not $18,000,000. You might want to subscribe to a math tutoring program.

  • Report this Comment On October 12, 2013, at 10:44 PM, rdogg9900 wrote:

    also, if you take $2,000,000 and make accounts for 30,000,000 people, that is a total of $60,000,000,000,000.... that would be $60 Trillion, not billion, not the $600 million you have said has been spent so far, and definitely not the $60 million you said $2 million per person would cost

  • Report this Comment On October 12, 2013, at 11:07 PM, normgarry wrote:

    Obamacare is a "TAX" on EVERYONE to give "medicare" to the middle class and secure it for the elderly.

  • Report this Comment On October 12, 2013, at 11:41 PM, Inthemiddle101 wrote:

    Think of this; you're 25, you're healthy; your premium is $ 200 per month. At age 35 you have an illness that requires using Obamacare; you have paid in $ 24,000.00 in premium over 10 years; and you have a $ 10,000 deductible.

    The illness costs $ 9,000 to treat and cure; you pay it all. Obama (the government) has $ 24,000 of your money, and you still owe his system (the government) $ 1,000.00.

    If you had an HSA (Health Savings Account) of your own; and paid the same $ 200 a month into it; you would have $ 15,000 in the account, and not owe the government a dime.

    Which is better for you as a young person?

    DUMBEST thing I have ever read. NO plan on the exchange has anything higher than a 6200 dollar deductible. Nothing near 10,000

    Do you even have any idea what a broken leg costs without insurance? Anywhere depending on 15-35K depending on the complication of the break (hairline, compound so on)

    I am 26, my health insurance will cost 87 dollars after subsidiary, with a 500 dollar deductible on the silver level plan.

    Four years ago, COBRA which was cheaper but similar to normal health insurance was 435$ a month. The price is more than double and the coverage was worse, way worse.

    While all these archaic dinosaurs let a little bit of their racism come out, there are people who are actually on these exchanges, signing up and getting real numbers, that would include myself. If it this was a bad idea or unaffordable, I simply would not, could not buy it. My scripts will be cheap and both doctors I have gone to in the past are accepting the coverage.

    Anyone who tells you doctors wont accept it is lying and has a 99% chance of being an old, bitter republican. Aging dinosaurs who have kept us back, the coporations fed, the environment polluted and the oil industry happy. We no longer have time nor the patience to put up with your "good ol boy" ways. Out with the old in with the new.

  • Report this Comment On October 12, 2013, at 11:47 PM, gulfcoastrebel wrote:

    MF: Since we're against "Obamacare" here at Motley Fool, first, we always use that term that will elicit a Pavlovian response from less educated readers and draw them in to be influenced by what we say. Then, we ask a question, we always ask a question. The question will contain a factoid that will make you think, 'I must have been out of the room to have missed that important piece of information, that, no doubt, is true'. In this case, the factoid is "Obamacare is raising premiums on young adults" 'What!? You mean you missed that? You weren't paying attention! Now we've moved on to the question: 'Why?"

    (Well, you haven't missed a thing. The Affordable Care Act hasn't raised rates on young adults. In fact, for 67% of those shopping for insurance, young and old - the percentage of those who make under 400% of poverty - the ACA will make it more reasonable to buy insurance. That's lower premiums for most, not higher.)

    MF:"Oh, we were only referring to two young guys we know of who make six figures, who don't have insurance at the jobs they work, who will have to pay more now, under 'Obamacare'. And we declare that Obamacare caused it, so that's the cause. And we were just wondering 'why;"

  • Report this Comment On October 13, 2013, at 12:05 AM, Mtjeeves wrote:

    What these people don't seem to understand is that those of us who will be paying these higher premiums CAN NOT AFFORD IT. We don't own the places we live in, most of us aren't married with two sources of income. 380 bucks a month for insurance doesn't seem like much to a guy in his 40's with two kids. To a guy in his 20's with no family who has to pay roughly 60-70% of his income to housing IT IS EVERYTHING. These politicians forget what it was like to be young and trying to build a life for themselves. I guess if I had everybody giving me millions of dollars a year to avoid doing my job I could afford it and my opinion would change. I still live in the real world however. I have to think about being able to build a future. Not spending almost all of the rest of my money after rent in order to supply cheap insurance to older folks who have already built that life. I'm not going to have 1 meal a day if I'm lucky because the government thinks I can survive off of rent and health insurance alone. Not to mention being younger means I pay higher premiums on other forms of insurance also. Renters insurance, car insurance. Now this. We can not continue to have healthcare in this country be a for profit system and expect to be able to have it for everybody. That's just the way it is. Either we make healthcare NON-Profit, or not everybody can have it. Regardless of their situation. I am going to go without it now because my employer dropped my hours so they wouldn't be required to provide it, before I paid 50/50 with them, and I managed. Now I will go without, and when the fines come and the class action lawsuits follow. I will be a participant.

  • Report this Comment On October 13, 2013, at 12:40 AM, muzicmaker711 wrote:

    Racism is a funny thing. All these people blaming the President for a bi-particent piece of legislation during his terms. Meanwhile, no one says a thing about the insurance companies that are finding loop-holes that mess people over. Those greedy companies rake in the money while small minded "haters" blame the "black guy". We deserve what ever we get. Racism will destroy our nation,

  • Report this Comment On October 13, 2013, at 1:56 AM, GRAY12 wrote:

    I'm 19 pretty much homeless, I worry about paying a storage unit and helping my bf with car insurance and food. I'll tell you one thing no blazes in hell do I want the affordable care act because I can't afford it or the freaking 98 dollar tax. I can't go to college and can barely afford anything! Is that what obama wants to make all the younger gen homeless and not afford college because of some stupid healthcare that he is trying to make mandatory. everyone of you who wants to force this down others throats go die in a hole. If you want this system don't make it mandatory and without tax for those who don't want it. If anyone had sense no1 would be in need for a hospital if you just ate right. Healthy foods not junk

  • Report this Comment On October 13, 2013, at 6:18 AM, skypilot2005 wrote:

    I think it is ironic younger voters overwhelmingly voted for Obama. They are the ones now seeing substantial premium increases and will be paying for this mistake financially for rest of their lives.

  • Report this Comment On October 13, 2013, at 6:31 AM, WestCoastWiseGal wrote:

    Muzicmaker. I will blame the president and the Democrats because they are the only ones who put this monstrosity together. Not one single Republican was even allowed to contribute to it. They were shut out of all plans and negotiations. Democrats even locked the doors in the middle of the night to keep them out! This mess can be blamed on NO ONE BUT OBAMA AND THE DEMOCRATS!!!!!!!!!!

  • Report this Comment On October 13, 2013, at 7:42 AM, skypilot2005 wrote:

    An example of desperation.

    Pulling out the "Race Card".:

    n October 13, 2013, at 12:40 AM, muzicmaker711 wrote:

    "Racism is a funny thing. All these people blaming the President for a bi-particent piece of legislation during his terms. Meanwhile, no one says a thing about the insurance companies that are finding loop-holes that mess people over. Those greedy companies rake in the money while small minded "haters" blame the "black guy". We deserve what ever we get. Racism will destroy our nation,"

    Come on.....

    Sky

  • Report this Comment On October 13, 2013, at 9:01 AM, jh836 wrote:

    UnitedHealth: Fortune 17

    WellPoint: Fortune 45

    Humana: Fortune 79

    Why are health insurance companies some of the most profitable companies in the US? Aren't they supposed to just collect premiums and re-distribute them? And what is the goal of 'for-profit' companies? To make more for their shareholders. How do they do that? By keeping us sick, on medication and in the hospital. How many prescription medications do YOU take? This is just one statistic from one report in 2008:

    "- The percentage of people with at least one antidepressant scrip grew by 33 percent, while number of scrips per person rose by 50.7 percent."

    We need to take profit out of health care insurance.

  • Report this Comment On October 13, 2013, at 9:09 AM, jh836 wrote:

    WestCoastWiseGal - George Bush put the policies in place that have turned the health insurance companies into the giants they are. Especially when he gave them the gift of part of Medicare and stopped Medicare from being able to negotiate prescription drug prices. That little piece alone caused an 11% increase in costs for all taxpayers and seniors. It caused my mother's medication, at that time (and she was on about 11 prescriptions - probably 11 more than she needed), to double in cost.

    Most people don't care about this because it is covered by some insurance. My mother's was covered by Medicare and Blue Cross. But it drives up the cost of insurance and taxes for everyone. That's just how insurance works. That's why it needs to be non-profit which the Republicans REFUSE to allow.

  • Report this Comment On October 13, 2013, at 9:23 AM, jh836 wrote:

    Gray12 - you are 19 and pretty much homeless? That's very sad.

    In any case - who will pay if you have to be hospitalized? It's incredibly expensive and the rest of us will pay for you. That's how it works right now. That's probably ok with you but not me. I've been paying for way too long and I've worked my a@@ off my entire adult life.

    Although I don't agree with this horrendous cost to young kids who can't afford it we do need to find a way to cover everyone.

    The first step would be taking the huge profits of health insurance companies out of the picture. We need non-profit health insurance. So the next time your government rep protests that because he/she has stock in health insurance be sure to make a cheap call to tell them it needs to be non-profit!

  • Report this Comment On October 13, 2013, at 10:15 AM, drakeiverson wrote:

    Why isn’t anyone talking about “Romneycare”? During his presidential run, Mitt Romney couldn’t boast enough about how he authored and launched the single-payer, affordable health care program in his home state of Massachusetts. And the truth is…it IS a highly successful program, and it IS self-sustaining, and according to a recent poll 86% of the people enrolled in it ARE very happy with it.

    So, why aren’t the Obamacare haters (aka Republicans) singing the praises of their “home boy’s” triumphant health care program? WHY? Because, even though Obamacare was created almost point for point from the Romneycare blueprint, it is still viewed as a “DEMOCRATIC” entity, and the GOP is more concerned about destroying everything Obama-related than it is helping to build a nationwide healthcare system that would help ALL Americans.

    If anything sounded treasonous or “terroristic” in nature, it is the way the Republicans are deliberately subverting and sabotaging the President of the United States of America at every possible turn. We are on the brink of making history by putting comprehensive healthcare within the reach of every American citizen. Yet all the Republican party wants to do is DESTROY OBAMA AT ALL COST! And they don’t seem to care who must suffer in the process. (But then, why should THEY worry? They know they are guaranteed HEALTHCARE BENEFITS FOR LIFE—all at taxpayers’ expense!!!)

  • Report this Comment On October 14, 2013, at 7:59 AM, henrythe8thiam wrote:

    Fools, to help pay for it, its a Ponzi scheme just like SS has turned into !!!

  • Report this Comment On October 14, 2013, at 8:34 PM, skypilot2005 wrote:

    On October 13, 2013, at 10:15 AM, drakeiverson wrote:

    "If anything sounded treasonous or “terroristic” in nature, it is the way the Republicans are deliberately subverting and sabotaging the President of the United States of America at every possible turn.."

    Yup.

    And the Democrats treated George W. Bush with the utmost respect and cooperation.

    Come on.

    BTW, aren't you late for class?

  • Report this Comment On October 29, 2013, at 8:19 PM, doctor1 wrote:

    My take on this as an MD. From a personal perspective. Previously we had a high deductible plan that now will be phased out. Our rates will increase by 100%. This is a mere redistribution of wealth and hurting the young healthy individuals in our society. Obama care is a big farce that charges young healthy individuals more and redistributes this income to others to pay for his programs. In California we already have a great program called Medicaid and it WORKS. People that can not afford health care get top quality care. It may be to late, but I wish Obamacare was not implemented.

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