Oddly, the key population to be hit with the effect of mandatory
health insurance coverage are young adults, which are also the
biggest supporters of Obama and health reform generally. The
recent Census Bureau survey notes that 28.6% of young adults from
18 to 24 years old are uninsured, as are 26.5% of those from 25
to 34. That is double the rate of those of age 45 to 64.
Many of these people are in very
good health, so don’t feel a strong need for coverage, but in the
proposals before Congress, they will not be allowed to benefit
from their good health and will pay the same premium as people
who are very sick.
These young people
often have other priorities for their money. They are looking for
a mate or starting a family. They are setting up their household
from scratch and need to buy furniture, or save for the down
payment on their first house. They are getting rid of the beat-up
Toyota they used in college and buying a decent car to get to
their new jobs. They are buying clothing that is suitable for the
workplace.
They are also more
supportive of ObamaCare than any other age group. The Washington Post reports, “According to a
Washington Post-ABC News poll last week, young adults are more
optimistic about the outcome of health-care reform than those age
30 and older, but they are evenly divided on the cost
implications, with 32 percent expecting their costs to decline
and 27 percent expecting an increase. About 52 percent of young
adults support the idea of the individual mandate, about the same
proportion as in other age groups. But in terms of the overall
package, the under-30 group broadly supports the Democratic
effort, with 60 percent favoring the proposed reforms vs. 42
percent among older adults.”
Man, if this thing
passes, these folks are in for a rude awakening. But, I guess
growing up involves a whole series of disillusionments. This will
be just one of many for the new generation.