RED ALERT: Healthcare Premiums for Young Adults Set to Rise by 17 Percent

President Obama Promised Lower Healthcare Costs:

‘We agree on reforms that will finally reduce the costs of health care,’ Obama said. ‘Families will save on their premiums; businesses that will see their costs rise if we do nothing will save money now and in the future.’…‘Now, I just want to repeat this because there’s so much misinformation about the cost issue here.  You talk to every health care economist out there and they will tell you that whatever ideas are — whatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill.’ (“Obama Said Health Care Reform Will Reduce the Cost of Health Care,” St. Petersburg Times, 12/15/09)

RED ALERT: Democrats’ Healthcare Takeover Places New Burden on Young Adults, Will Drive Up Rates:

“Under the health care overhaul, young adults who buy their own insurance will carry a heavier burden of the medical costs of older Americans — a shift expected to raise insurance premiums for young people when the plan takes full effect. Beginning in 2014, most Americans will be required to buy insurance or pay a tax penalty. That’s when premiums for young adults seeking coverage on the individual market would likely climb by 17 percent on average, or roughly $42 a month, according to an analysis of the plan conducted for The Associated Press…The higher costs will pinch many people in their 20s and early 30s who are struggling to start or advance their careers with the highest unemployment rate in 26 years.” (Carla K. Johnson, “Health Premiums Could Rise 17 Percent for Young Adults,” Associated Press, 3/30/10)

By Code Red