AP: Health premiums may rise 17% for young adults buying own insurance

Posted by Kendall Harmon

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% on average, or roughly $42 a month, according to an analysis of the plan conducted for The Associated Press. The analysis did not factor in tax credits to help offset the increase.

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Filed under: * Culture-WatchHealth & MedicineYoung Adults* Economics, PoliticsEconomyPersonal FinanceThe 2010 Obama Administration Health Care Bill

Posted March 30, 2010 at 8:15 am [Printer Friendly] [Print w/ comments]
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