Obamacare Will Make Premiums Higher For Younger Americans


The Affordable Care Act isn’t doing much to make health insurance more affordable. According to a new study, young Americans can expect big increases in premiums under the law.

Something that’s not great given other problems young Americans are facing, such as being crowded out of the job market and facing a student loan bubble.

A new study from global actuary firm Oliver Wyman finds “young, single adults aged 21 to 29,” with annual income roughly of $25,000, “can expect to see higher premiums” under the Patient Protection andAffordable Care Act. …

The analysis, featured in the latest edition of Contingencies, published by the American Academy of Actuaries, also found many single coverage adults up to age 44 with incomes at 300 percent of the Federal Poverty Level, or $33,510 for an individual, will see rate increases, too.

“In our study, we found that if premiums in the nongroup (individual) market were to increase on average by 10 percent to 20 percent because of changes required by the ACA (as some estimates have predicted), premiums for younger, healthier individuals could increase by more than 40 percent,” asserts the article, written by Kurt Giesa and Chris Carlson.

“In total, this means that close to 4 million uninsured individuals aged 21 to 29 — or roughly 36 percent of those currently uninsured within this age cohort — can expect to pay more out of pocket for single coverage than they otherwise would, even given the availability of premium assistance,” the study notes.

As the New York Times reported recently, premiums in general are expected to increase at double-digit rates. So what in Obamacare is driving prices higher? It’s the regulation, taxes and mandates according to Peter Suderman.

Obamacare includes taxes on health care, making the cost of care more expensive. Obamacare mandates expanded coverage for people with pre-existing conditions, and for things like vision, dental and contraception. Also, Obamacare caps profits and administrative expenses for insurance companies at a percentage of premium revenue. Thus, the only way for an insurance company to maintain a certain profit margin, or spend more on administration, is to raise premiums.

I know that “profits” is a dirty word, but such is the reality of the marketplace. Obamacare is going to make insurance for Americans worse.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters.

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  • SigFan

    Ooops! Guess they missed that part of Obamacare before they passed it – or buried it so no one would notice it until it was too late. Between their tax burden to pay for the debt, higher taxes in general, higher insurance premiums and no jobs those young mush heads that voted for Obama are pretty much screwed. One could almost find some irony in that.

    • two_amber_lamps


      Guess the blind lil fellers had to find out the hard way…. I seem to recall the “rock the vote” generation voted for Comrade Bamster in droves….

      Sweets to the sweets!

      • $8194357

        Witch with a Big B……

    • banjo kid

      I don’t know about irony but it smells a lot like justification to me .

  • Neiman

    Good, they voted by big margins for Comrade-Chairman Obama and this is their just payback – they deserve it.

  • chris

    What is the exact percentage increase in Obamacare tax, and who will have to pay it?

    • chris

      3.8% for those in the higher tax brackets, I guess. I’m not sure how this alone would result in doubling of premiums.

      • http://Sayanythingblog.com The Whistler

        You don’t cover all the free loaders for nothing.

        • Neiman

          To me any increases in my deductible or premiums by Obamacare is a tax.

  • ndoldman

    DemoncRats have a way of baiting the low info voters with the state run media to con the masses into dropping the pants and putting it too them. anyone remember the movie deliverance? the squielling will soon began.

  • mickey_moussaoui

    It’s going to take alot of fracking to pay for all of this

  • Stuart

    This can’t be true President barrack Hussein Obama stated that cost would go down!
    Oh, that’s right it’s sanctioned to lie to infidels. It slipped my mind.

    • Bat One

      Would that be the same Barack Hussein Obama who promised to close Gitmo, reduce the deficit by 50%, reduce unemployment to 5.2%, get GDP growth up to 4%, and have the most open, and post-partisan administration in history? Is that the guy you’re talking about?

  • kevindf

    The Obamites have thrown the science of “risk management” out the window. The stoned slackers will pay the price; so it goes.

  • Stuart

    I heard the average income tax would be $800-$1000 higher…either this year or next year. Don’t know if its true.

  • two_amber_lamps

    Here’s your free birth control pills Ms. S$ut.

  • Geoff

    Funny that truths like this come out after re-election. Not that most of us didn’t anticipate this, but “the followers” sure wouldn’t listen

  • $8194357

    Re branding the same old lies….


    “…It does not require a majority to prevail, but rather an irate,
    tireless minority keen to set brush fires in people’s minds..”
    –Samuel Adams

  • $16179444

    and all of you liberal idiots (see Hanni as a prime example) bought it.

  • banjo kid

    The ones who voted for Obama ain’t seen nothing yet, it is coming and they will scream the loudest . half of the country was awake the first time and now we will see the other half wake up .

  • $8194357

    And then we called it:
    “The religion of peace and tolerance…Haaaa haaaa..”
    Choom choom …Roof Hit………….

    Christian teacher has throat cut in Mosul, Asia News

    Christian teacher has throat cut in Mosul, plunging city in fear againShdha Elias, 54, was a Chaldean teacher. Her body was found by police. Church source tells AsiaNews that she joins a long list of Christian martyrs in the city. Tensions between Sunnis and Shias are on the rise as no real solution for peace and national reconciliation appears possible.

    Mosul (AsiaNews) – Police in Mosul found the body of a Christian woman with her throat cut. The gruesome discovery was made today in an area where attacks have been perpetrated in the past against members of the city’s Christian minority, some, like abducted Bishop Faraj Rahho and Fr Ragheed Ganni, murdered.

    Sources told AsiaNews that the victim is Shdha Elias, a 54-year-old Chaldean, who worked as a teacher “in a school in the al Bath neighbourhood.” She “lived however in Bar Nirgal, near the university”. With her death, she joins “the long list of Christian martyrs in Mosul.”

    For the source, “Tensions between Sunnis and Shias are running high across Iraq, not only in the North. And peace and national reconciliation appear far off.”

    Mosul is a stronghold of Sunni Wahhabism, which is closely tied to Saudi Arabia. For experts on Iraqi politics, the aim is “to set up a state based on Sharia,” with the Qur’an and the Sunnah as the basis of legislation and “Islam as the only state religion”. In such a system, members of other religions can choose between conversion, flight or paying taxes for non-Muslims.

    In northern Iraq, Christians have been targeted for murder and kidnapping for the purpose of extortion. They have also been caught in the crossfire between Arabs, Turkmen and Kurds vying for power and control of the area’s rich oil resources.

    In ten years of conflict, the Christian community has lost more than half of its members in an exodus of ‘Biblical’ proportions following a series of murders.

    A Christian official in Mosul Governatorate, anonymous for security reasons, acknowledged that “many Christian families” have fled. “They have lost confidence in everything,” he said. “The government is incapable of doing anything to protect them. What future do non-Muslims have in countries where violence reins!”

    • ‘Tom Crawford

      What does this have to do with insurance premiums, insurance or obamacare?

      • $8194357

        A stoner with a “license to lie” given him by the koran…

        Summary Answer:
        Muslim scholars teach that Muslims should generally be truthful to each other, unless the purpose of lying is to “smooth over differences.”

        There are two forms of lying to non-believers that are permitted under certain circumstances, taqiyya and kitman. These circumstances are typically those that advance the cause Islam – in some cases by gaining the trust of non-believers in order to draw out their vulnerability and defeat them

        • ‘Tom Crawford

          So the short version of that copy and paste is your trying to say that Obama is a Muslim and is commanded to lie through the Quran?

          • $8194357

            That would fit right in with his Alinsky communism, huh.
            By any means…..

          • ‘Tom Crawford

            I don’t buy into that whole “He’s a Muslim”…kinda like a Manchurian Candidate thing.

            Religon-wise, I have no clue on what he worships – he goes to church when it suits him and/or needs a photo-op. Bill Clinton used to be the same way.

            I think Obama is a far left Liberal who main religion for him, is Ideology and he will do whatever he thinks he needs to acting on his ideology. liking to the “I will kill you to set you free” mentality – I will remove your rights for the better of us all.

          • $8194357

            Hes a “player” groomed by “someone” to play a role, IMO….
            His background is third generation communist and two generations muslim, so he has both ideologies
            ingrained/indoctrinated in him and they both say:
            Decieve and lie to your target/enemy…..

          • $8194357

            He sure has been “muslim brotherhood” friendly..
            It is my belief that is part and parcel of the facist big picture…


            Why are U.S.-made anti aircraft and anti tank missiles being sent to Gaza for Hamas?

            I thought Barack Hussien Obama was only sending US-made weapons (coordinated by slain Ambassador Chris Stevens) from Libya to Syrian jihadist rebels via Turkey? Perhaps he decided to divert some of the weapons to the terrorists in Gaza, as well.

          • $8194357
      • $8194357


        The Qur’an:

        (16:106) – Establishes that there are circumstances that can “compel” a
        Muslim to tell a lie.

        (3:28) – This verse tells Muslims not to take those outside the faith as
        friends, unless it is to “guard themselves.”

        (9:3) – “…Allah and His Messenger are free from liability to the
        idolaters…” The dissolution of oaths with the pagans who remained at
        Mecca following its capture. They did nothing wrong, but were evicted anyway.

        (40:28) – A man is introduced as a believer, but one who must “hide his
        faith” among those who are not believers.

        (2:225) – “Allah will not call you to account for thoughtlessness in your
        oaths, but for the intention in your hearts” The context of this remark is
        marriage, which
        explains why Sharia allows spouses to lie to each other for the greater good.

        (66:2) – “Allah has already ordained for you, (O men), the dissolution of your

        (3:54) – “And they (the disbelievers) schemed, and Allah schemed (against
        them): and Allah is the best of schemers.” The Arabic word used here for
        scheme (or plot) is makara, which literally means deceit. If Allah is
        deceitful toward unbelievers, then there is little basis for denying that
        Muslims are allowed to do the same. (See also 8:30
        and 10:21)

        Taken collectively these verses are interpreted to mean that there are
        circumstances when a Muslim may be “compelled” to deceive others for a greater purpose.

        Muslims are allowed to lie to unbelievers in order to defeat them.
        The two forms are:

        Taqiyya – Saying something that isn’t true.

        Kitman – Lying by omission. An example would be when Muslim apologists quote only a fragment of verse 5:32 (that if anyone kills “it shall be as if he had killed all mankind”) while neglecting to mention that the rest of the verse (and the next) mandate murder in undefined cases of “corruption” and “mischief.”

        Though not called Taqiyya by name, Muhammad clearly used deception when he signed a 10-year treaty with the Meccans that allowed him access to their city while he secretly prepared his own forces for a takeover. The unsuspecting residents were conquered in easy fashion after he broke the treaty two years later, and some of the people in the city who had trusted him at his word were executed.

        Another example of lying is when Muhammad used deception to trick his personal enemies into letting down their guard and exposing themselves to slaughter by pretending to seek peace. This happened in the case of Ka’b bin al-Ashraf (as previously noted) and again later against Usayr ibn Zarim, a surviving leader of the Banu Nadir tribe, which had been evicted from their home in Medina by the Muslims.