Tuesday, January 08, 2013

ObamaTax Schadenfreude

Perhaps it's a bit misanthropic of me to take satisfaction in the fact that the young folks, who voted overwhelmingly to reconfirm the ObamaTax, will now reap the "benefits" of that decision:

"A new study predicts that health premiums could increase as much as 40 percent for young adults once [the ObamaTax] goes into effect in 2014 ... close to 4 million uninsured individuals . . . can expect to pay more out of pocket for single coverage than they otherwise would"

And this is despite anticipated premium subsidies that were supposed to mitigate those costs. Since the age 21-29 cohort comprises almost twice the number of those uninsured than other age groups, they'll be feeling the pinch pretty hard. And since, come 2014, they'll be required by law to buy (more expensive) coverage, they'll soon learn this the hard way.

On the other hand, those of us a bit older (but not necessarily wiser) shouldn't rest too easily:

"Oregon residents who buy their own health insurance "face major cost changes."

And by "changes" they mean "major increases."

And this is, of course, a national trend, as we're beginning to see.
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