Daily Archives: August 26, 2013

Obamacare overcharging the young invincibles. Also Opportunity Cost issues

Will young people pay for mandated health insurance next year? Uh, probably not … « Hot Air.

Conover goes into interesting detail to outline why ObamaCare is a bad deal for young people. And, just as importantly he points us to another article that points to another significant cost over the years that usually goes unmentioned – opportunity cost. What is the cost of the opportunity the money they spend on health care in terms of what they would have done with the money if they could use it for their choice?

I’ve seen premium increases for my clients from one company and if they are representative of what the other companies will do, the young invincibles are gonna “run like hell” the other direction.

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Young invincible Obamacare rates

I recently received some Obamacare pricing from a single carrier last week. It is NOT a pretty picture. A “young invincible” couple client with a $1500 deductible plan in the Denver/Metro area. Rates increasing from $290 to around $500/mo for a Bronze plan and over $700/mo for a Platinum plan.

Are they going to pay that much? Color me very skeptical.

Prediction: Chaos with the needle moving towards TOTAL chaos.

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