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March 29, 2010

Shocker: Premiums Expected to Rise 17% for Young Adults in First Year of Mandate

Figure that: if you make it illegal not to buy something, it gets more expensive.

Health insurance premiums for young adults are expected to rise about 17 percent once they're required to buy insurance four years from now. That estimate is from an analysis by Rand Health.

Young people will need to carry more of the burden of health care under the new health overhaul law. The new law limits an industry practice of charging older customers more.

Of course, this is only the hopeandchange to premiums for young adults. The young adults who would have chosen to forgo health insurance because they're young, healthy, and stupid (like I did), are now forced to participate in the whole scheme. The higher rates are just icing.


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posted by Gabriel Malor at 05:16 PM

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