Obamacare “only works … if young people show up.”
That’s from former President Bill Clinton in a recent MSNBC interview.
It’s why Obamacare supporters and government agencies are trying everything from sports advertising to video contests to get young people in the game.
But will those millions of Millennials show up and sign up for health insurance under the Affordable Care Act?
A recent Reuters poll found Obamacare may not attract enough young people to keep costs low for others, despite a headline that asserts the opposite: “Poll shows healthy young adults may keep Obamacare afloat.”
The conflict between headline and data represents a collision between the hopes of survey respondents and economic logic.
The poll found that a little more than a third of young adults in its survey had tried and failed to purchase health insurance in the past. It also found that a third hoped to be able to buy health insurance now.
Reuters figured if just half of them do so, “the White House would easily meet its goal of getting 2.7 million young adults — out of about 16 million uninsured 19-to-29-year-olds — to buy Obamacare insurance for 2014.”
This group couldn’t afford health insurance before, and Reuters never bothers to explain how they’ll afford it when it gets more expensive.
Monthly premiums under Obamacare will go up for young people in all 50 states, according to a study released Thursday by the center-right American Action Forum. Premiums will average more than $187 per month in 2014, up from $62 per month in 2013, a 202 percent increase, the study said.
Several Millennials told us why they won’t bother to sign up.
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