Young adults to face "rate shock" from rising premiums and costs due to Obamacare (activist, lobbyists)
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Conservatives have been pointing out for years that this would happen, of course. You can't get something for nothing. And if you try, you'll just wind up paying a lot more for it.
And liberals have been deriding them, denigrating them, calling them bullies, heartless, uncaring, and all the rest, for all those years.
Now who will the liberals laugh at? They are running out of people to blame, just as they are running out of Other People's Money to pay for it all.
Ironically, these "young adults" were at the forefront of voting for Obama, and for the Obamacare law he was pushing. And now they are "shocked" to find out that they will have to actually pay for it?
Will young adults face ‘rate shock’ because of the health-care law?
by N.C. Aizenman,
Feb 16, 2013 03:28 AM EST
The Washington Post
Many young, healthy Americans could soon see a jump in their health insurance costs, and insurance companies are saying: It’s not our fault.
The nation’s insurers are engaged in an all-out, last-ditch effort to shield themselves from blame for what they predict will be rate increases on policies they must unveil this spring to comply with President Obama’s health-care law.
Insurers point to several reasons that premiums will rise. They will soon be required to offer more-comprehensive coverage than many currently provide. Also, their costs will increase because they will be barred from rejecting the sick, and they will no longer be allowed to charge older customers sharply higher premiums than younger ones.
Supporters of the law counter that concerns about price hikes are overstated, partly because federal subsidies will cushion the blow.
The insurers’ public relations blitz is being propelled by a growing cast of executives, lobbyists, conservative activists and state health officials. They increasingly use the same catchphrase — “rate shock” — to warn about the potential for price surges.
Aetna chief executive Mark T. Bertolini invoked the term at his company’s recent annual investor conference, cautioning that premiums for plans sold to individuals could rise as much as 50 percent on average and could more than double for particular groups such as the young and healthy.
Last edited by Little-Acorn; 02-18-2013 at 03:00 PM..
I have a hunch it's not just young people who are feeling this "sticker shock". Insurance rates are rising all over the country as insurance companies are being required to provide more coverage for people, provide coverage for the already-sick, etc.
Conservatives have been pointing out for years that this would happen, of course. You can't get something for nothing. And if you try, you'll just wind up paying a lot more for it.
And liberals have been deriding them, denigrating them, calling them bullies, heartless, uncaring, and all the rest, for all those years.
Now who will the liberals laugh at? They are running out of people to blame, just as they are running out of Other People's Money to pay for it all.
Ironically, these "young adults" were at the forefront of voting for Obama, and for the Obamacare law he was pushing. And now they are "shocked" to find out that they will have to actually pay for it?
Will young adults face ‘rate shock’ because of the health-care law?
by N.C. Aizenman,
Feb 16, 2013 03:28 AM EST
The Washington Post
Many young, healthy Americans could soon see a jump in their health insurance costs, and insurance companies are saying: It’s not our fault.
The nation’s insurers are engaged in an all-out, last-ditch effort to shield themselves from blame for what they predict will be rate increases on policies they must unveil this spring to comply with President Obama’s health-care law.
Insurers point to several reasons that premiums will rise. They will soon be required to offer more-comprehensive coverage than many currently provide. Also, their costs will increase because they will be barred from rejecting the sick, and they will no longer be allowed to charge older customers sharply higher premiums than younger ones.
Supporters of the law counter that concerns about price hikes are overstated, partly because federal subsidies will cushion the blow.
The insurers’ public relations blitz is being propelled by a growing cast of executives, lobbyists, conservative activists and state health officials. They increasingly use the same catchphrase — “rate shock” — to warn about the potential for price surges.
Aetna chief executive Mark T. Bertolini invoked the term at his company’s recent annual investor conference, cautioning that premiums for plans sold to individuals could rise as much as 50 percent on average and could more than double for particular groups such as the young and healthy.
I don't know why this is news. They had to know they couldn't get something for free.
I have a hunch it's not just young people who are feeling this "sticker shock". Insurance rates are rising all over the country as insurance companies are being required to provide more coverage for people, provide coverage for the already-sick, etc.
We'll all feel it. I think the point is that young people didn't think they were going to have to pay. Welcome to the real world.
Got notice just today our long term health policy is going up 85%. We will probably drop it and lose all the years we paid into it.
All thanks to the communist b@stard....
And P.S. Thanks for dragging the rest of us into the morass with you, that we saw coming but you didn't.
I'll second that. Young people never listen to those more experienced than them. Perhaps we need to raise the voting age to 30. Let them accumulate something worth keeping before they can vote the rest of us down the crapper with them.
I don't know why this is news. They had to know they couldn't get something for free.
Are you kidding? This is the age of "entitlement", and especially among younger people.
They most certainly do expect something for nothing.
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