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  • Five Devastating Effects Obamacare Will Have on Young Adults

    In anticipation of the Supreme Court’s Obamacare decision, it is important to remember that the constitutionality of the law’s individual mandate isn’t the only concern. For example, Obamacare will negatively impact many younger Americans. Here’s a list of five ways young adults will be hurt by the law:

    1.  Premium increases. Obamacare imposes age-rating rules that increase premiums for young adults. The law allows premium costs to vary by a ratio of 3 to 1 based on age. But as Heritage research shows, “The natural variation by age in medical costs is about 5 to 1—meaning that the oldest group of (non-Medicare) adults normally consumes about five times as much medical care as the youngest group.” This means that under Obamacare, young adults will pay artificially high premiums, and older adults will pay artificially low premiums. Actuaries estimate that “the effect will be to increase premiums for those ages 18–24 by 45 percent and those ages 25–29 by 35 percent while decreasing premiums for those ages 55–59 by 12 percent and those ages 60–64 by 13 percent.”
    2.  Loss of coverage. Obamacare puts in place new rules that prohibit plans with annual limits. While limited health plans may not be a long-term solution, some coverage is still better than none. Several colleges across the country have already stopped offering low-cost plans to students because of the new regulations. For example, for the 2012–2013 academic year, one college offered a plan that cost students $445 a year with an annual limit of $10,000. But Obamacare requires a minimum cap of $100,000 this year, which would increase student premiums to more than $2,000 for the new level of coverage, thus making coverage through the school an unaffordable option. For the 2013–2014 school year, the minimum cap is set at $500,000, and after that, no payout cap is allowed. This will likely lead more colleges to drop coverage, since, as a Government Accountability Office study states, “Nearly all (96 percent) of the 194 student insurance plans we reviewed established a maximum benefit amount.”
    3. Government takeover of student loans. A provision neatly tucked into the massive health care law is an effective nationalization of the student loan industry. Obamacare ends government subsidies to private lenders and puts the federal government in charge of originating and servicing federally backed student loans. As almost anyone is eligible for a student loan, Heritage’s Lindsey Burke explains that “these policies only exacerbate the college cost crisis, continuing a vicious cycle whereby college costs rise in tandem with ever-increasing federal subsidies.… Colleges will once again be able to increase costs, and students with easy access to low-interest loans will once again be able to pay.”
    4. Less money for education. Obamacare’s massive expansion of Medicaid, which will add almost 20 million more Americans to the program, will be difficult to sustain on already strained state budgets. As states are forced to redirect a growing portion of their budgets to Medicaid, less funding will be available for other state priorities, such as education. The Medicaid expansion will increase state spending by an additional $64 billion through 2020, and it only gets worse as federal contributions gradually decline.
    5. Crushing fiscal burden. Younger generations will be left footing the bill for Obamacare and its irresponsible spending. Despite his many lofty promises, President Obama’s law does not reduce health insurance premiums, spending, or the deficit. The latest cost estimate for Obamacare’s insurance provisions is $1.5 trillion over the next 10 years, which still doesn’t include a full decade of spending, since the most expensive provisions don’t begin until 2014. As the national debt approaches $16 trillion and the cost of Obamacare continues to rise, younger Americans will be saddled with crushing taxes to pay for it.

    Obamacare’s negative impact on young Americans is just one of many reasons the law should be repealed.

    Posted in Featured, Obamacare [slideshow_deploy]

    24 Responses to Five Devastating Effects Obamacare Will Have on Young Adults

    1. KJinAZ says:

      This article leaves out the largest effect Obamacare will have on our youth, no jobs. With the Higher costs of healthcare now being imposed on ALL business, few companies will be started, and hiring in those that are still surviving will be greatly reduced. Without jobs the youth will be forced into public assistance, which has already begun to grow out of control, and we haven't even started the plan yet. Obamacare only serves to make EVERYONE more dependent on Government.

      The other effect that Obamacare will have on everyone is the reduced innovation and quality of Heathcare. The government control will kill most improvements currently being made in treatments and care. Without competition there is no incentive to improve, and most likely treatments will be mandated by the government leaving consumers with no options as to the type of treatment they receive.

      Obamacare will destroy our freedom more than any piece of legislation in the history of our country! It is a stepping stone to communist control of our country. Keep this thought in mind as Obama continues to promise prosperity for all with this hollow promise of heathcare.

      • Josh Zocher says:

        If you had the illegal population that we have, you would not be able to afford the type of medical care you have in Australia. The US is in a no win situation. We share a border with Mexico. The more free stuff we have the more they come her illegally to take advantage. Count your blessings.

        • Ana says:

          Do some research before stating that illegal immigrants have advantages! For your information, if you are illegal there is no advantage.. No free stuff. For Medicare you have to fill out so many forms same for food stamps and the #1 requirement is to be a US citizen or a legal us resident (green card id # must be given) in order to be reviewed for benefits. When you work as an illegal some many experience the painful moment of being let go from the job on pay-day.. And 0 dollars for the 40/80 hrs worked and no one to turn to, I love this country, yes some come illegal with the hope to one day have the way to become legal, and have the American dream, bring their families as my mom did after 13 years of many bad days, no food, and so many painful memories. When you are very poor, and you try to get a visa to come legal, to work or go to school 10 out of 10 you are decline, that is the reason "this people" come in illegally, most of the jobs they do, are the jobs that no teen or white adult wants to do, clean, farms, hard dirty labor with little pay. I am blessed that my mom was able to become legal and I came at age 15, there is so much that this people leave behind, and they do, not to come here and get anything for free. As a FYI.. If they work with fake papers SS # any taxes taking during the year, you and I will get the benefit of a tax returned if we qualify. The illegal immigrant working with a fake SS ( which with the new tech is very difficult to happen any more) will not get a tax return, will not even attempt to file for one. hope that I did not offend you. Just read your comment and it hurts that in today's society there is still so much miss information.

          • Trevor says:

            Do you realize that illegal immigrants are granted free health insurance in Tennessee? I don't think you did your research.

          • Phil says:

            You are the one that is misinformed Ana . If you have no green card and are illegal our hospitals have to , by law care for you , that means we as citizens pay. Stay home , change your gov't , quit killing the American dream for all of us that entered the U.S. Legally when the borders were open. We sacrificed everything with no money or food and no gov't programs to help us.

    2. Jane says:

      I am an Australian citizen and have lived here all my life with never any fear about healthcare. I can go to a doctor, hospital, surgeon, call an ambulance- and all I have to do is show my medicare card – I am not billed. Our hospitals are government run – and there is the option of private hospitals too as well if you have the money or insurance. Australians do pay higher taxes including a medicare charge at tax time – but we have no need to worry about potential health bills that can destroy our whole life. I feel sad for the health care situation in the US.

      • Mike, Wichita Falls says:

        So the Australian government has eliminated the fear of high healthcare costs and inaccesible healthcare. Very well then. What else worries you? Loss of food, climate-controlled shelter, transportation, media (iphone, satellite TV, wireless internet, etc.)?

        I'm sure there is someone out there that worries about these things if you don't. Should the government intervene, or more so, to solve these problems too? They want nothing more than to make all of these choices for you….and strip you of your liberty in the process. Tell me where government intervention ends? In this country, it seems to be only the bedroom…so far.

        The founders of our nation were well aware of life's problems, despised what other governments throughout history did to "solve" them and were inspired to establish this nation of limited central government so that the people were free to serve each other and solve life's problems…never perfectly, mind you, but much better than people armed only with the force of law.

      • Lloyd Scallan says:

        Jane – If you "feel sad" or like the health system in Austraila, what are you doing here? Since you saved so much money of health care, you can now have enough to by a ticked back.

      • O2BMe says:

        If government-run programs are so great why are other countries having problems like such long waits for elective surgery and people being told what treatments they can or cannot have. I know this is true because I have a friend in Canada. Services are being cut back in England and other European countries because of their financial problems. Our congress has given us a panel to decide what treatments we may have without one medical person on it. Anyone here can call 911 and get an ambulance her and no one is turned away for the ER. We do need some fixing on our health care, but not the one being forced upon us.

      • AmCit says:

        That's because Australia has immigration documented. America has no idea who's documented and paying into the system, and who isn't and draining the system on the backs of the middle class. Health care cannot be government run in America until immigration is fixed.

      • scott says:

        jane – i am from texas and a citizen of the usa. I have lived in europe and received their healthcare, australia is VERY UNIQUE. Unfortunately , the usa is not as well managed as australia. The reason your system works so well is because your system there is not pounded with so many different cultures that carry so many different types of health problems. catastraphic health problems are handled differently here than in europe. In europe, i had a serious heart ailment and was told the solution was a mechanical heart. and that was it. no second opinion. I did go to two other doctors there, the first thing they did was look me up in their medical information system and automatically agreed with the diagnosis. I told them NO and came back to the usa. I met with 8 different heart doctors and finally chose 1. I was cured with a drug called Digoxin and 11 years later fine. if I would have followed the dr in europe, i would be on my second mechanical heart now . they wear out or break if they break, you just die. it is impossible to compare our system to yours. have you had any catastraphic situation ?

    3. Michael says:

      This article is written with too much of a slant. it is written with a clear agenda, not to be clear-concise-and 100% factual.

      • StandardExcellence says:

        Yes, Michael, I agree that it is slanted, but the title of the article makes clear its purpose from the get-go. If it was titled "Objective Analysis of the Affordable Healthcare Act," well, I still wouldn't have a problem with its content, but it would be at fault for not pointing out any positives. :)

    4. BRENDA OLDS says:

      2012 MEDICARE COST$96.00 2013 $120.00 2014 $247.00 OBAMA CARE HE IS REALLY LOOKING OUT FOR US GUESS WHAT HOW MANY SENIORS ARE GOING TO BE ABLE TO AFFORD THIS?

    5. Leon The Electrician says:

      It is the same problem with Student Loans as with Healthcare, the Over Regulation has caused artifically exorbitant prices for Healthcare. That is the problem, previous governmental interference. Look at the cost of University Education, the cost of tuition has gone over the moon. High cost is never discussed. The doctors are not screwing the public, they have been regulated to death. There is no free enterprise, no market forces because government has mandated so much paperwork, and so much defensive medicine. Hell of it is, if doctors were left alone the price of Medicine could go down. Same with the high cost of Education, to get Federal Money the Universities demand too much money for too little education. The problem can never be solved if the real reason is never addressed. It is government interference, the Accreditation Committees, Red Tape and Junk Curriculum. Now with Obamacare the exact same fell tactic will destroy that Industry too, and Nobody talks about the real reason: Government enforced Non-Competative "Markets."

      • Clay says:

        Leon, I agree with you. They are setting up another huge fail. Many think Healthcare and education are rights. You may soon have the right to default on your massive student loans as well. Why not? The 1% can pay for that as well, can't they? But they probably won't be asked to, the Fed will print more money and loan it to the Treasury at interest. It has worked for so long they won't stop, and it is already too late.
        We need to break the Legislator-Lobbyist-Corporate ties that cause virtually all politicians to be bought. If they aren't filthy rich going in, they are soon after. We elect them to represent us, not to grab power and money and enslave us. The system has failed at both ends. The Politicians are in it for the wrong reasons and the people want goodies handed out from the Treasury. I fear it will undo our great Nation before the end of my days. Enjoy your liberties while the Constitution still provides them. It is an obstacle to BO's agenda, and not well respected by either party.

    6. Sharon Smith says:

      Just saw an article about the crime rate going up in Australia since they outlawed guns for the law-abiding citizens…so they're going to need more healthcare!
      The Socialist mindset is that of a child dependent on parents for every basic need, leading to individuals taking less and less responsibility for their own lives. The mindset of a Liberty loving person is that of a mature adult, willing to take responsibility for his own life. And expecting to pay the price. People used to save for a "rainy day", live within their means, and buy insurance for the major problems. Now, too many young people blow their whole paycheck, never save for emergencies, and expect someone else to spend their money to take care of them! Obamacare, which was rammed through against the will of the People, is a Trojan Horse "Law", which will release more and more destruction on our country. Loss of jobs, independence, health, but most of all, loss of LIBERTY and FREEDOM!

    7. Just saw an article about the crime rate going up in Australia since they outlawed guns for the law-abiding citizens…so they're going to need more healthcare!
      The Socialist mindset is that of a child dependent on parents for every basic need, leading to individuals taking less and less responsibility for their own lives. The mindset of a Liberty loving person is that of a mature adult, willing to take responsibility for his own life. And expecting to pay the price. People used to save for a "rainy day", live within their means, and buy insurance for the major problems. Now, too many young people blow their whole paycheck, never save for emergencies, and expect someone else to spend their money to take care of them! Obamacare, which was rammed through against the will of the People, is a Trojan Horse "Law", which will release more and more destruction on our country. Loss of jobs, independence, health, but most of all, loss of LIBERTY and FREEDOM!

    8. jane says:

      This law has just kicked me out of college and any hope of making a career for myself and the availability to provide for my family. I know that I am part of the low-income class and need financial aid for college, at least for community college. There is no way that I could possibly pay for it out-of-pocket and because I am under 26 and unmarried my parents are supposed to pick up the slack. Nevermind the fact that I have lived on my own since I was eighteen and am now raising two kids. Talk about crossing the separation from state and religion line. He is forcing young women to get married just to provide for the children. I now have to look my kids in the eyes and say, sorry girls but mommy's going to work at McDonald's for a while, so forget our dreams of owning a house or having nice things, looks like the thrift store is where we'll be going for a while. I have no idea what he was thinking when he came up with this and now I'm not only worried about my uncertain future but am also worrying about my kids futures and what struggles they will now have to face in the future.

      • Mike says:

        Sounds Like you want someone to take care of you to me! Check our career builder, they have more jobs than Mcdonalds and the thrift store.

      • chloe reed says:

        Not to be rude but having two kids as a single mother especially if you were not previously economically sufficient drove you deeper into poverty not obamacare

    9. Another type of capping refers to the reported phenomenon of an ISP reducing an individual user's bandwidth cap, without notifying that user, as a defensive measure and/or as a punishment for heavy use, especially for upstream traffic.

    10. Dennis Hermesch says:

      The interest on student loans is profit to the government. Where is it spent?

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