Quote:
Originally Posted by classicman
I'm interested to see how this plays out. How did the CBO or whoever determine how many of the young healthy group would sign up for insurance? Did they assume all and calculate the saving from there? I really have no idea how many will sign up. Some...most... but certainly not all. Also, since a "child" may now stay on their parents insurance till 26 how will that affect the costs? Being on a parents group policy costs only a fraction of what an individual policy would - especially at that age.
Good read.
|
Start with some basic numbers.
Of the 40+ million uninsured, about 15 million are under 29 yrs old and 25 million are between 30-65 (ballpark figures)
Of those 15 million under 29 yrs old, a significant number (50%?) would qualify for Medicaid with the expansion to cover all individuals at or below 133% of poverty level.
Of the remaining, some might stay on the parents plan....but those married probably wont since their spouse would not be covered.
If they want to start a family, they will certainly buy into an insurance plan on the Exchange, unless they want to pay $8,000 (ave cost) to have a kid.
As was discussed previously, one can take a risk and pay the fine....but a serious accident, sudden major illness...and you risk bankruptcy at a very young age.
And no, the CBO did not count them all buying into the Exchange.