Obamacare Challenge: Getting Young Workers to Buy Insurance points out that about 30% of young (and healthy) workers currently choose to not have health insurance. The success of Obamacare will depend on this segment "voluntarily" signing up for health insurance. Otherwise, the cost for exchanges to insure mainly those with greater health needs will be very high.
In 2014, the uninsured will be required to either enroll in a health care plan or pay a penalty. The young (and healthy) will have to pay whether they want health care insurance or not, which effectively makes it a tax on the 30% that currently choose to forgo health care coverage.
For more on Crossing Generations, check back every Thursday for a new segment.
This is not financial, health, tax or policy advice. Please consult a professional advisor.
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