What concerns me, and something I didn't know before seeing this, is that the older generations can only be charged 2-3x as much for premiums as the younger generations, plus, everyone is required to get insurance under both plans.
This amounts to yet another tax on the younger generation, because as it is now, a young person can get by on $100/mo for health insurance, whereas someone 60 or 70 may be paying $500-600 or more for the same plan. The insurance companies aren't going to reduce the premiums for the old people, they'll simply increase the premiums for the young people. With the new law, the young people can't opt out of insurance.
We dont know the details yet. It could be that older people are subsidized by the government. The real issue is that many people cant get insurance at all, like my SO. I would be willing to buy her insurance at the going rate, but it cannot be had. If it costs you an extra $100 per month so she can get insurance so be it. I have no sympathy because I am probably paying way more in taxes than you to support things that do not benefit me directly. That's the way it goes in a democratic society.
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[ 1.9 ms ] story [ 57.2 ms ] threadThis amounts to yet another tax on the younger generation, because as it is now, a young person can get by on $100/mo for health insurance, whereas someone 60 or 70 may be paying $500-600 or more for the same plan. The insurance companies aren't going to reduce the premiums for the old people, they'll simply increase the premiums for the young people. With the new law, the young people can't opt out of insurance.