-By Warner Todd Huston
If you are under 30, if you are not very wealthy, and even if you are healthy your healthcare insurance costs will soar thanks to Obamacare. And you won’t have any choice in the matter, either, or you will be labeled a criminal under the law.
Robert Graboyes has some of the facts at the US News.
“Millennials’ life prospects have already suffered under the weight of the Great Recession and its aftermath,” Graboyes points out. But it is about to get worse.
Choosing a state at random, the Manhattan Institute reports that before the ACA, the average 27-year-old male in Arkansas could buy a health insurance policy for roughly $54 a month. According to the White House website, on the ACA exchange, the average lowest-priced plan will be three times more expensive, costing him around $181 a month–a 235 percent increase. If he were to purchase a stripped-down catastrophic plan, it would cost roughly $135 per month, two-and-a-half times more than his current insurance.
I’ll bet the average young Obama voter is entirely ignorant of this!
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Obamacare Will Cost Young People Thousands More Per Year”