Shocker: Premiums Expected to Rise 17% for Young Adults in First Year of Mandate. . . .

According to Gabriel Malor at ace.mu.nu:

Figure that: if you make it illegal not to buy something, it gets more expensive.

Health insurance premiums for young adults are expected to rise about 17 percent once they're required to buy insurance four years from now. That estimate is from an analysis by Rand Health.

Young people will need to carry more of the burden of health care under the new health overhaul law. The new law limits an industry practice of charging older customers more.

Of course, this is only the hopeandchange to premiums for young adults. The young adults who would have chosen to forgo health insurance because they're young, healthy, and stupid (like I did), are now forced to participate in the whole scheme. The higher rates are just icing.

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Aetna: Premiums Will Go Up Because of ObamaCare

According to Gabriel Malor at ace.mu.nu:

You knew this and I knew this and the vast majority of voters knew this. Now health insurers are saying it out loud.

Jim Geraghty spotted it in an interview with Aetna's CEO:

Will insurance premiums go up? The answer is yes, and some of the things that will drive those premiums are significant additional taxes the industry will ultimately have to pay in the first year.

The President said that this bill would not have any impact on people who already had coverage, that it was about the uninsured, that there would be no change. Will this legislation change the coverage of people who are already paying for it?

My perception is, yes, things will change. You might not have a plan that includes the exact same doctors. You might have plans that have richer benefits, and therefore you're going to pay more for benefits you may or may not want. It would have been a better message to say, we're going to make certain you maintain your eligibility.

Watch out, Mr. CEO man, I'm sure Waxman and Stupak will be happy to add you to their list of people to mock, slander, and abuse at their congressional "investigation" next week.

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Anyone with half-a-brain knew that insurance premiums would escalate under Obamacare. That is part of the "socialist" plan to force Americans onto the government plan.

Think about it. . . .Could State Farm or any insurance company stay in business if they were forced to cover someone with 6 DWI's, 150 speeding tickets and 25 wrecks for the same price as someone with a clean driving record? Hell NO! ! ! ! That is exactly what Obamacare expects health insurance companies to do by forcing them to accept anyone without regard to their pre-existing conditions.

Why even pay these high healthcare premiums? Just wait till you are in the hospital with a heart attack then call up the insurance company and tell them you now want to purchase coverage then cancel when you get released. Heck the insurance companies can't deny you coverage . . . .Right?