Obamacare places an unjust and injurious burden upon young adults, saddling them with the high health care costs of the elderly, those with serious illnesses, and the irresponsible. William R Thomas and Edward Hudgins discuss the implications of Obamacare for young adults and explain why Obamacare is not insurance. Join the conversation and share your thoughts in the comments section below.
Obamacare Increases Young Man's Premium by 300% by Michael F. Cannon of the Cato Institute
Excerpt: "Chad bought an Obamacare plan that cost him $175 per month – pretty steep, considering he makes less than $11,500 per year. His Obamacare premium comes to least 18 percent of his income. And no, Chad is not eligible for subsidies. Compare that to what Chad could have paid if he bought one of the pre-Obamacare plans still available on eHealthInsurance.com until December 31. The cheapest such plan for someone meeting Chad’s profile is just $44.72 – as little as 5 percent of his annual income and about one-quarter of his Obamacare premium."