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Too few 'young invincibles'

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Too few 'young invincibles' Empty Too few 'young invincibles'

Post by Hellsangel Thu Oct 31, 2013 2:43 pm

http://www.cnn.com/2013/10/30/politics/other-obamacare-problems/index.html

"Young invincibles" are key. They are the young and the healthy. If they don't purchase health insurance, the program is at risk.

If too many exchange consumers are older or unhealthy, then monthly premiums will likely skyrocket in 2015 and this could cause the exchanges to topple. If that occurs, one of the highest-profile parts of the law will be viewed as a failure.

This group is so key that President Barack Obama spoke in Boston on Wednesday, hoping to convince this constituency to be patient with the website's problems and keep trying sign up for coverage.

In fact, he is targeting most of his sales pitch to them.

In an interview with Fusion TV on Monday, Obama made a tough sell to younger Americans. He highlighted a new report released by the Health and Human Services Department that found 46% of people up to age 34 are eligible for a subsidy that could provide them with insurance for $50 a month.
"Less than your cellphone bill, less than your cable bill," Obama said. "And about 70% can get if for less than $100 a month."

"The law would not be judged a success if the exchanges fail," said Drew Altman, president and chief executive of the Kaiser Family Foundation, a private, non-profit health care research organization.

To pass this test, the administration figures roughly 40% of exchange consumers -- 2.7 million if the Congressional Budget Office's estimates are correct -- need to be between the ages of 18 and 35.

Younger and healthier premium pools will keep overall costs lower and ease the financial hit to the program when it does pay benefits.
Hellsangel
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