Here is yet another story — this one from Arizona — that confirms the ugly surprise that’s ahead for those in their 20s and 30s under the new health insurance law. Hope and change, indeed.
Blue Cross Blue Shield of Arizona, Arizona’s largest health insurer based on revenue, predicts that health insurance for adults in their 20s could increase 30 percent or more once reform starts. Other health consultants and industry groups also predict price spikes for young adults.
Those higher rates will likely come as a shock to young adults because so many choose not to purchase health insurance, but they will be required to buy insurance under reform.
“Younger and healthier people pay less for insurance now,” said Jeff Stelnik, Blue Cross’s vice president and chief actuary. “With federal reform, younger individuals will need to subsidize those over 50. In essence, they will be paying more than their fair share.”
I’ve talked to many folks in their late 20s and 30s who are still oblivious to how they will be impacted. They believe they’ll be getting “free” health care under the new law.
Under the new law, every American will be required to purchase government-approved health insurance.
