Monday, December 21, 2009

How Obamacare Will Hurt Young People – by Dick Morris | FrontPage Magazine

How Obamacare Will Hurt Young People – by Dick Morris | FrontPage Magazine: "A detailed analysis of the Obama health care program now before the Senate indicates that it will force big premium increases for all families, especially for those under 30 years of age.

The study, by the consulting firm of Oliver Wyman, concludes that premiums for individuals will rise by $1,576 and $3,341 for families by under the bill. Young people will be hit the hardest. The study predicted that premiums for new health insurance policies purchased by the youngest third of the population would rise by 35 percent under the bill.

These increases will stem from the bill’s provisions that bar insurance companies from raising rates on sick people and from excluding people based on pre-existing conditions. Both of these mandates will mean higher costs for the younger and healthier population. This bill is, in effect, a tax on the young."

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