Beware of Obamacare
While it's said to be beneficial for many, Obamacare is not so great for the young.
With an aim at affordable rates accentuated in the Affordable Care Act, it's interesting and sure to disappoint that Obamacare will not be wonderfully inexpensive for young adults-- especially men.
In fact, it's likely that premium costs will rise if anything for this age group.
For example, a 27-year-old applicant in Indianapolis will not get Obamacare for cheaper than $204. Ironically, the cheapest route sans Obamacare at this time is $52.50 via eHealthInsurance.
In Fort Lauderdale, the 27-year-old will soon pay upwards of the minimal $128, whereas right now, the cost is $66.
Therefore, Obamacare's featured affordability is erroneous for young adults who can expect to nearly triple their insurance rates.
"Part of the problem with these plans is that people think they are insured until something bad happens and then they find out they aren't covered," said Linda Blumberg of The Urban Institute.
Blumberg said Obamacare, while pricier, is "real insurance."
What do you think of this new information regarding Obamacare?