I will paraphrase this article I read in Forbes about the impact Obamacare has on the wallets of young people barely making it to begin with. This is redistribution of wealth at it's finest:
"Obamacare is still struggling to sign up young people. In order to offset the high cost of the older, and probably less healthy people who are joining Obamacare plans, the White House must coerce a sufficient number of thirty-somethings to also join. Problem is, the health plans are too pricey to make economic sense for many young adults.
Just how costly are the Obamacare plans for young beneficiaries?
We ran the numbers. Here are our results:
Overall, the Federal government reports that 32% of on-exchange enrollees as of March 1st are under the age of 34. And many of these are teenagers who are part of family policies, not the young yuppies that Obamacare is fervently targeting. Earlier estimates showed only 20% of enrollees were between the ages 18 and 34.
..Someone, for example, earning $25K annually in Arizona will pay $2,424 in total monthly premiums for Obamacare (10% of their annual income) and still be stuck with a $4,000 deductible and a $5,200 cap on their out of pocket costs. The same person in Illinois will pay $3,576 in annual premiums, and in low cost Texas $2,460..."
How is our generation supposed to get ahead in life? We have college student loans, rent, utilities, car payments, and now this? This is complete and utter Socialism and it's destroying America. If you work hard to make a good living, you should be able to have a good living, not have to provide for others who don't want to work as hard. I mean Premiums alone will eat up a whopping 14% of our annual income!!
Obama has to go.
www.forbes.com/.../?partner=yahootix
"Obamacare is still struggling to sign up young people. In order to offset the high cost of the older, and probably less healthy people who are joining Obamacare plans, the White House must coerce a sufficient number of thirty-somethings to also join. Problem is, the health plans are too pricey to make economic sense for many young adults.
Just how costly are the Obamacare plans for young beneficiaries?
We ran the numbers. Here are our results:
Overall, the Federal government reports that 32% of on-exchange enrollees as of March 1st are under the age of 34. And many of these are teenagers who are part of family policies, not the young yuppies that Obamacare is fervently targeting. Earlier estimates showed only 20% of enrollees were between the ages 18 and 34.
..Someone, for example, earning $25K annually in Arizona will pay $2,424 in total monthly premiums for Obamacare (10% of their annual income) and still be stuck with a $4,000 deductible and a $5,200 cap on their out of pocket costs. The same person in Illinois will pay $3,576 in annual premiums, and in low cost Texas $2,460..."
How is our generation supposed to get ahead in life? We have college student loans, rent, utilities, car payments, and now this? This is complete and utter Socialism and it's destroying America. If you work hard to make a good living, you should be able to have a good living, not have to provide for others who don't want to work as hard. I mean Premiums alone will eat up a whopping 14% of our annual income!!
Obama has to go.
www.forbes.com/.../?partner=yahootix
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