informationliberation
The news you're not supposed to know...




Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Apr 24 2014, 8:39 PM Category: Economy Source: The Beacon Print

Obama's Push to Recruit Young Adults into Obamacare Falls Short

By John R. Graham

The White House and its media allies have been cheerleading Obamacare's apparent success at exceeding the president’s stated target for enrollments in the Obamacare health-insurance exchanges. Even more importantly, they have asserted that a significant proportion enrolled in the exchanges are young people. President Obama declared that 35 percent of enrollees are under the age of 35.

Enrolling enough young people into Obamacare was important because insurers are forbidden to charge applicants premiums commensurate with their health risks. Also, insurers are prohibited from charging older people premiums that exceed three times what they charge younger people. However, it would be more actuarially accurate for insurers to price the premiums of older people at more than six times the amount they charge young people.

So, the Obamacare exchanges need lots of young people paying premiums to subsidize the older people. Failure to recruit enough youngsters would condemn the exchange plans to higher medical claims, and necessitate a significant spike in premiums in 2015.

A previously stated goal was that 40 percent of enrollees be young. So, 35 percent looks close enough. However, President Obama's victory statement is a piece of lawyerly evasion, as first identified by Glenn Kessler of the Washington Post.

"Under 35" includes children, and that is not who is needed in the exchanges. Most minors would have enrolled with their parents in a family health plan. They add very little to the premium of a family plan. The young people who are needed in the exchanges are the so-called "Young Invincibles," adults from the ages of 18 through 34. This group makes up only 28 percent of enrollees in Obamacare -- almost one third fewer than the 40 percent needed.

And even the Young Invincibles who signed up for coverage in Obamacare's exchanges did not respond exactly as Obama’s re-engaged political machine had planned. Instead, a large share of them enrolled through a non-Obamacare website.

eHealth, Inc., a company that has operated an online marketplace for health insurance for over a decade, received permission to enroll people in Obamacare in the 36 states that have federally operated exchanges. Instead of going to the broken healthcare.gov website, applicants could apply at eHealthInsurance.com. eHealth, Inc. reported that from October through December, 39 percent of applicants for Obamacare coverage were between the ages of 18 through 34. For January through March, the proportion rose to 45 percent.

Obamacare's recruitment outreach to young adults fell woefully short. And without help from a privately operated online broker, it would have been even worse.





Latest Economy
- Chicago Institutes New "Amusement Tax" On Netflix, Streaming Services
- Record 93.6 Million People Not in American Labor Force, Highest Since 1977
- Barack Obama Promises That Events In Greece And Puerto Rico Will Not Cause A Global Financial Crisis
- Oregon Legalizes Pot this Week -- But Thanks to the Liquor Control Commission, You Can't Buy It
- Greece Illustrates 150 Years of Socialist Failure in Europe
- VIDEO: Americans Refuse to Purchase 10 oz Silver Bar Worth $160 for 10 Bucks
- The 'Recycling' Scam Falls Apart
- Which Countries Prefer Capitalism?









No Comments Posted Add Comment


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

TSA Asks America To LOL At Traveler Who Had $75,000 Taken From Him By Federal Agents - 07/02War Veteran with PTSD Faces Life in Prison for Pot, His Wife Calls for Help - 07/02Chicago Institutes New "Amusement Tax" On Netflix, Streaming Services - 07/02No Charges Against Cops That Killed 17-Yr-Old Kristiana Coignard - 07/02Record 93.6 Million People Not in American Labor Force, Highest Since 1977 - 07/02Video: Americans Have No Idea Why They Are Celebrating the 4th of July - 07/02Video: Americans Have No Clue How Many Stars On American Flag - 07/02This Week's Corrupt Cops Stories - 07/02

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up
(more)

 
Top