Young adults, a group that helped elect President Obama last fall, could have the highest costs to bear but the most to gain under the health care overhaul proposals in Congress.
The reform bills require insurance companies to reduce the disparities between what they charge the young and the old, with potential to dramatically raise prices for young adults.
Young people don't need health insurance as it exists today. They mostly just need catastrophic coverage, to cover for the really unexpected event like a car accident, a heart attack, or some other rare medical problem.
But state insurance regulations often force policies to cover all sorts of things that young people don't care about -- like a single male having to pay extra to cover Erectile Disfunction, Birth Control pills, abortion and gynecological services, and long-term nursing care.
This is why so many people are uninsured -- the kids just don't see a benefit worth the cost:
Young adults have often been overlooked in the battle to extend health insurance coverage to all Americans. They have the highest rate of uninsured status of all age groups, either because they can't afford it on fresh-from-college salaries or they hope that their age will save them from high-cost medical care. A 2008 study by the Kaiser Family Foundation found that young adults, ages 19 to 29, make up 29 percent of the uninsured population in the United States.
But at least the insurance companies are allowed to sell the over-blown policies to the young people at a cost less than that for people who will actually USE their services.
Americans understand the principle. If you are a young driver, you pay more for car insurance because you will tend to have more accidents. Life Insurance costs more as you get older, or if you have a history of heart disease, or are a smoker, because you will likely die sooner. Homeowners insurance gives you discounts if you have smoke detectors, better locks, and a fire hydrant nearby, because your house is less likely to burn completely.
But medical insurance is already skewed, mostly by employer-based programs. Because while many companies DO charge more for their older employees, it is generally based on salary, and isn't nearly enough of a difference to reflect the actual costs. That's because it isn't offered as a cost-effective insurance, but as an EMPLOYMENT BENEFIT.
Now, the democrats want to force the same thing on ALL MEDICAL INSURANCE.:
"Allowing insurers to charge older Americans vastly higher premiums simply because of their age is discrimination, pure and simple," Mr. Kerry said. "Insurers must compete based on price, value and customer satisfaction, not by avoiding Americans based on their age or health."
But in true socialist government form, the democrats insist that charging young people a lot more for their insurance won't be a problem -- Because they will get taxpayer-funded subsidies:
But proponents say that much of the new costs young people would face would likely be picked up by tax subsidies that are being designed to help low- and middle-income people buy coverage.
The current plans call for subsidies to be available to individuals and families with incomes up to 400 percent of the federal poverty level. This year, that level is $10,830 for an individual and $22,050 for a family of four.
If this wasn't going to increase the deficit, the end result instead would be that government regulation would drive up costs for everybody, but force insurers to take less money from old people and more money from young people, while old people had to simultaneously pay more taxes so that the government could take the money and give it to young people so they could pay for the higher insurance costs.
The key being that this has nothing to do with health care, and EVERYTHING to do with having 85% of the people in this country dependent on the government giving them money. Because once everybody needs the government to survive, the Democrats will have all the power they crave to tell people what to do, like forcing them to by unncessary medical insurance.