http://www.forbes.com/sites/scottatlas/2013/08/28/when-it-comes-to-obamacare-ignorance-is-bliss-for-young-americans/
"The Obama administration is rightfully very worried about the uninsured younger generation not participating in signing up for insurance, but not because they actually need comprehensive health insurance. The facts about health care usage by younger Americans indicate the opposite – that buying comprehensive health insurance under the dictates of this law would be an unwise financial decision. ObamaCare forces young, healthy people to buy expensive health coverage costing several thousands of dollars per year, yet they use only hundreds of dollars of health care annually, including only $56 per year in total emergency room care.
Flying in the face of those facts, President Obama and the administration will now aggressively campaign to convince young people to sign up for his exchanges..."
I am often accused (at least by two experts on this forum) of being a lackey/tool/shill . But, the law did allow for an Under 30 catastrophic plan (3 OVs at a copay everything else subject to a $6000+ ded). Its not eligible for subsidies but we will see these plans for under $100/month. And the idea of insurance being a bad deal for most is why we call it insurance. Its supposed to be. Im waiting for the president to tell everyone its their duty to buy.
The bigger issue is that there is a market for low cost, high cost share plans. But other than this plan, which is limited to who can buy it, aren't allowed.
We no longer have catastrophic insurance. We have pre-paid financing. And that will drive trend.
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